Bullish Breakout: Bitcoin Levels to Watch This Week!

[00:00:00]Why did I assume that we might go higher? Well, first of all, we saw decreasing downside momentum, right? On the MACD as well. And again, it it's it's not rocket science. I mean, yes, I use Elliott wave because it gives us a lot of additional things that, let's say, standard market analysis can't.

[00:00:19]But, just use something like the RSI or the MACD. The MACD showed already down here, uh when we hit the low early in June, when I sent that message out just a couple of days later, um it showed a decrease in downside momentum.

[00:00:34]So, it was nearly as if the market listened. Showed a decrease in downside momentum, we moved higher, broke, yeah?

[00:00:41]A lot of people were like, "Well, we'll get another low in wave one." Whereas, I told them, "It's likely only the alternative with a significant question mark here because the move to the downside is already long enough to be all of the wave one." So, a bounce in a wave two was likely. We have to give it a little bit of room to breathe.

[00:00:59]And so, I mean, I I can't rule out another low in wave one. It It's just that it's becoming increasingly less likely, so there's no no need to change anything. And with the market crossing bullish on the MACD, this is additional evidence that we are indeed in this wave two bounce.