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BTC futures - zillion possible counts, this is the most bearish

BTC futures - zillion possible counts, this is the most bearish

Eliott wave traders are having really hard time with bitcoin , beacuse we are always trying to identify, in which wave of the cycle the market is - and currently there are so many valid wave counts on bitcoin on high time frames, that is almost impossible (at least for me) to make some long term analysis - however I am seeing some signs, that are suggesting, that we might be approaching the end of some bullish cycle and bulls should rest for a while. Volume has been decreasing a lot recently. But as I said, there are so many possible wave counts, that I wouldn´t be surprised at all, if bitcoin hits this month 100k.

On the chart of BTC futures , there is one of my most favourite counts at the moment - decreasing volume , overlapping 3-wavish structures, lot of divergences on RSI , it looks like, btc is forming some sort of wedge , probably the ending diagonal (the last wave in the cycles), but it could be also leading diagonal (first wave in the cycles).

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