Based on this count, Bitcoin completed its Flat 3-3-5 ABC correction on Daily Timeframe. making a Full cycle of bigger degree 12345 ABC. which means the Market is already ripe and ready to make a new bigger 5 waves degree upward.
we can presume that the bounce after the divergence is the reversal sub-wave 1 of 1 of the next 5 waves upwards.
the Point of Control of FRVP (blue horizontal line) shows a strong support where the price is currently bouncing making a complete Flat correction ABC.
The next macro degree 5 waves could make a new high around $70k+.
Good luck and have fun trading!
Reminder: Trade at you own risk
we can presume that the bounce after the divergence is the reversal sub-wave 1 of 1 of the next 5 waves upwards.
the Point of Control of FRVP (blue horizontal line) shows a strong support where the price is currently bouncing making a complete Flat correction ABC.
The next macro degree 5 waves could make a new high around $70k+.
Good luck and have fun trading!
Reminder: Trade at you own risk