This is the BTC monthly chart in log scale. Does that look bearish to you?
Monthly support is going to kick in soon around 5200.
If you can discern 5 waves up, then maybe the easiest count is also the correct one?
Note: This is only ONE way to count this (there are several ways to count this as always), but it has the best form and fit of all counts I can find.
If you think this to be useful information:
Feel free to use and share my charts, but please mention me, 
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DISCLAIMER: This post / analysis serves general information purposes only. I am not a financial adviser. The material in this post does not constitute any trading advice of any kind. This is just the way I see the charts and what my trading ideas are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
If you make any trades or investments after reading this post, it is entirely at your own risk. I am not responsible for any of your losses. By reading this post you acknowledge and agree that you will never hold me liable for any of your losses.
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