Mashood_Abidi94

After being stuck in this sideways correction for almost 70 days, #BTC is finally coming to the end of this consolidation in the next 24-72 hours. It's not common that we get a double three correction (WXY) starting with a sharp zigzag wave W and ending with a huge expanded triangle for wave Y, so this correction is one for the history books. I really hope you have your longs stacked up during this final drop as we're going to take off any moment to new all-time highs, probably to $130K or more.https://www.tradingview.com/x/jg0iFRN1/

Right now I'm seeing so much fear across social media regarding BTC price that I cannot help but post that we are basically in wave 2 correction of a larger wave 5, and the wave 2 has probably ended or is about to end at any moment, so just sit back and relax and keep HODLing on cuz the wave 3 target is $130K minimum!https://www.tradingview.com/x/v7vMPrUd/

Omg! The weekly looks so bullishWe closed two weekly candles above the downward resistanceFingers crossed for this to play out🤞One last pullback from near the ath for last wave 2 and then blast off into multiple 3s

Finally updated my BTC chart. Bitcoin has finally headed into the golden zone of Fibs and a very cautious supply zone from where it's gonna be moon or doom for the crypto market.Let's go from bear to bull scenarios and take a deep dive into BTC from an Elliottwave perspective.Scenario 1: the move up from the 15K bottom is a three-wave move and will get rejected from .618 to complete the partner leg down for the double Zigzag, revisiting 15K or even breaking below to make a new bear market low.Scenario 2: We reject .618 but get a shallow correction staying way above 15K and then keep moving up in a corrective manner and revisit ATH territory.Scenario 3: We have a 1-2,1-2 and #BTC is ready to blast off as we are moving into the minor-degree (green) wave-5 which completes the intermediate-degree (orange) wave-1 of the primary-degree (aqua) wave-3. In simple words; TO THE MOON!🚀Scenario 3 seems most probable right now given the 4 year cycle history of #BTC since its inception. 31K is the invalidation for this count. As long as we keep making higher highs and higher lows and stay away from 31K, it's only moon from here.Assuming the most bullish case is at play, I have three ideas for the short-term counts.1) Regular flat correction for minor-degree wave-42) A sideways triangle correction for wave 43)Or maybe a long sideways double or triple zigzag

The move down is a clear five-wave impulse in my opinion and then the three-wave move up looks like the first leg, wave W, of a double zig-zag correction. I will wait for the impulse wave A to complete, and then for the corrective wave B before going long for wave C of the second corrective leg up i.e. wave Y. Once the double zig-zag is complete, I'll look for a big short position for a second impulse move down that'll be the partner leg of the first impulse down.