WaveNerd

Bitcoin getting to new highs - are we crashing - not likely

BITMEX:XBTUSD.P   Bitcoin
It is becoming more clear that the possible bear scenario mentioned In link below is now pretty unlikely. It is still possible, but bear pattern invalidates the we move past 21K for sure. As the waves unfold I cannot see that this move up should end at 21 K and it does not either have the shape of a c wave of a zigzag. So the the other bull scenario is now unfolding.

It is likely we will get a deeper correction a long the way, but at the moment we move past 21 K very soon and 31 K is not unlikely to be seen in the near future as well.

A more detailed wavecount could be viewed at the links below.

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