Bitcoin - the most bullish scenario (but I DON'T BELIEVE)

Hello, everyone!

Some of you, probably think that I hate Bitcoin with my super bearish view, but it's not the truth. I want new bull market may be more that everybody🤑. Globally until the BTCUSDT has not broken through the $32800, I am bearish, but even in this case I found the scenario where we can see another one leg up.

Earlier I considered 1D time frame, when predicted the wave 5 top at 31K , but using 2D time frame is can be reasonable to see the wave 5 right now. Let's take a look at the chart where I marked the anticipated waves counting. I don't like that wave 3 in this case has the lower Awesome Oscillator value than wave 1, but the distance which wave 3 went is longer than wave's 1.

The dump from 31K could be interpreted as a corrective wave 4. This wave reached exactly the 0.38-0.5 Fibonacci retracement area, the natural wave's 4 target. Moreover BTC has formed the bullish confirmed reversal bar which is another one argument for the bullish scenario.

What is next? As I told you in my last analysis I expect the huge dump from $27800, but if Bitcoin price is able to break the $28500 validation level I will be sure that current bullish rally is not over yet.

Best regards, Ivan
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