A couple of very bullish bitcoin charts below. First is my Elliott Wave Count for BTC. As you can see, minute wave [ii] has reached my target zone. The bottom might be in, but I wouldn’t be surprised to see one more small push down to around 67.4k. At that level, BTC would find support at the larger (green) channel line, as well as the white parallel channel line off the left shoulder of this very bullish inverse head and shoulders. Whenever the right neckline is above the left as in this case, the target is obviously higher sense it is measure from the point of break out.

The chart below shows a big picture swing trade cycle for BTC. It is a combination of 3 very nice indicators: the BTC rainbow chart, the Power Law and down below the Power Law Oscillator that shows how far above or in this case below the Power Law expected price BTC is trading. I expect most people are familiar with the BTC power law by now, but for those who are not, BTC’s price increases at a power of 5.44 over time passed. The thick green line somewhat in the middle of this top graph is the power law expected price. When the power law oscillator in the 4 day chart reaches the extreme -.94 level as marked by the horizontal light blue line, this has been an ideal buying opportunity over previous cycles. Thus, BTC is trading at a uniquely low valuation.