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Bitcoin "Elliot Wave" Price Analysis

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Yeah Crypto Traders, I have analyzed Bitcoin in a different angle. Like and subscribe to the channel there is a lot of useful information ✅

Three Phase of Market

Phase 1 : Contraction (Range)
Phase 2 : Expansion (Bearish)
Phase 3 : Trend Up (Bullish)

Contraction is a phase where price trade in a certain range

Expansion is a phase where bulls trap themselves this also called Stop Loss Hunting to get more cash in assest.

Trend Up is a phase where smart money will act as extreme bullish

This kind of pattern you can observe very often in a smaller time frame.Currently BITCOIN under Expansion phase as per the current phase we can expect price of BTC fall till $22700 to $22300. So buyers can act at end of expansion phase

Fresh Entry $23000

Target $25900

Stop Loss $22300

Happy Trading

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Bitcoin is moving as expected

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