#Bitcoin We continue our series of publications dedicated to the #BTC #cryptocurrency

In the previous update, we analyzed the long-term waves within the preferred scenario and presented the markup of the 20-minute chart.

Today we will continue with the 20-minute chart and look at an alternative, more bullish scenario.

📈Fig. 1: Earlier we suggested that we would see a deeper downward correction within wave 2 in the diagonal (A). Now we can conclude that our forecast is confirmed. However, it should be noted that with such a deep wave 2, the range of the final for wave 3 (based on the rule “wave 3 of the contracting diagonal is always less than wave 1”) has narrowed to 95000-98241. If the market raises prices above the upper boundary of this corridor, it will open the potential for the realization of a lot of other variants of short-term wave counting. So we'll adjust the markings according to the situation.

📈Fig. 2: Now let's see what the alternative to the long-term forecast presented in the previous update might be (So, it is quite possible that the Minor C sub-wave in (1) will take the form of an impulse, or the Primary ⑤ wave will follow the path of impulse development, as shown on the chart by black marks (1)-(2)-(3)-(4)-(5).

Of course, many may be confused by the seven-digit number at the end of wave ⑤. But if we do not look at the price scale, and therefore do not look with a bias, and build a forecast based solely on the structure of waves, projecting the targets on a logarithmic scale, we will not see anything unusual here.

📈Fig. 3: The 8-hour chart is aligned with the main marking in the part of the leading diagonal and the subsequent correction in wave ii. At the end of ii in (iii), a trading setup for a long position will be opened in anticipation of a further rise in the market in wave "iii in (iii)". 

Previous update:Russian-speaking audience can subscribe to the newsletter in #Russian in our Telegram-bot by following the link:Thank you for your attention. 
 .
#crypto #cryptocurrency #btc #trading #волныэллиотта #биткоин #волновойанализ
#Bitcoin #BTC #cryptocurrency #Russian #crypto #cryptocurrency #btc #trading #волныэллиотта #биткоин #волновойанализ