My previous idea seemed correct when it dipped, but BTC ended up going much higher. However it still needs to retest the upper red trendline to confirm it as support. 
If it does, we have just completed the first Elliott Wave of this bull run. This also allows us to see what the next levels will be with Fib extensions, assuming it keeps going up after this correction.
The next levels according to the Fib extension are approximately 91000, 144000, 196000, and 229000
If it does, we have just completed the first Elliott Wave of this bull run. This also allows us to see what the next levels will be with Fib extensions, assuming it keeps going up after this correction.
The next levels according to the Fib extension are approximately 91000, 144000, 196000, and 229000
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