Bitcoin seems to be doing a WXY correction for quite some time. IF my wave count is right, BTC seems to be working on the final 5th subwave of the larger Y wave. I expect a double bottom scenario, where BTC could hit 6 to 6.3k, and bounce from there. The bounce could be impulsive, or continue to evolve into a WXYXZ correction. I'm expecting the latter, but as time progresses, we will evaluate further.
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The first dildo. 7100 area is very important as a confluence zone. Lets watch the price action.
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Still looking weak, and IF my subwave count is correct, we can expect another leg down. Rising wedge on 15m is a confirmation of the sub elliot wave count.
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Bearflagception
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Bear flag broken down. Take profit between 6180-6460.