Technical analysis by tomj2417 about Symbol BTC: Buy recommendation (7/21/2022)

My red count here would suggest that wave 4 of 5 may have just completed and we are about to embark on another Bitcoin rocket ride with targets ranging from the reasonable to the stratospheric. I had to include a much more pessimistic blue count though as the November 2021 high is the 0.61 fib extension of my waves 1 to 3 and is a common ending point of waves 5 in EW. Tough one really...as always....time will tell.