This is not an April fool's joke. I know it looks funny but this is legit!
The current BTC chart looks bad right? Wrong! Not necessarily.
There could be a bullish Elliott Wave pattern at play here.
To be clear: At this moment I still favor the bearish count over this one, but this is now a valid bullish alternate IF it does not drop below 5690 again. Below 5690 the pattern will be invalid.
The pattern is called wxy (combination, Flat-X-Triangle)
Let's see how this plays out. My guess is that not many people are expecting bullish momentum in the coming days...
Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...
Have a nice day :-)
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