BTC is heading south and there is nothing we can do about it but to just enjoy the ride. We will see a pull back going back to the $4600, if BTC doesn't break above $4600 this will confirm the drop down to the $3k. Once BTC hits the $3k it bounce back about .382 of the entire drop, then it will test the bottom at $3k again. This is going to be a bit scary, because if the $3k doesn't hold then BTC will drop into the $2k's, but if it holds then we are on a new bull run which will bring it up higher than $6k's
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We are very close to finishing wave (c), we should have a bounce back tp the $4390 - $4400, for a wave (d), if BTC doesn't break pass $4400 we will see a crazy wave (e) which really is going to bring it down low into the $3k.Trade active
$3500 might be the bottom of wave (c), if we break below $3500 we might not have a wave (d) and just go straight down to $3k.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.