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Don't worry BTC won't crash below $7250..
I've Elliott Wave mapped this all the way from $7250. I've mapped subwaves of subwaves of subwaves. Not once has the Elliott Wave rules been broken.
Right now we are on nanosubwave 1 of microsubwave 5 of minisubwave 5 of subwave C of Wave 2. You can see that even at the nanosubwave level it is obeying the 3 Elliott Wave rules.
This leads me to believe therefore that Elliott Wave is the best way to estimate the end of this bear run. If wave 1 started at $7250, and we are on Wave 2, then by Elliott wave rules, we cannot retrace below $7250.
Anyway we will see in the next 24 hours. If we had bounced before $7250 - then you know wave 345 will propel us to 10k.
Right now we are on nanosubwave 1 of microsubwave 5 of minisubwave 5 of subwave C of Wave 2. You can see that even at the nanosubwave level it is obeying the 3 Elliott Wave rules.
This leads me to believe therefore that Elliott Wave is the best way to estimate the end of this bear run. If wave 1 started at $7250, and we are on Wave 2, then by Elliott wave rules, we cannot retrace below $7250.
Anyway we will see in the next 24 hours. If we had bounced before $7250 - then you know wave 345 will propel us to 10k.
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