BitcoinShort
Bitcoin headed to 9-12k horizontal support
Bitcoin has validated Elliot wave theory with perfect retrace levels and volume confirmation, for example splashes of volume on the third wave down. We have also formed a bearish Gartley harmonic on our way to 32k, with zero volume we can see this is a 4th wave correction suckers rally. Both Elliot wave and bearish Gartley have typical 5th wave or move AD retrace levels of 1.382 to 1.618. We also see a weekly death cross of the 10 and 21 EMA. More so we can see the fast moving SMA band is stuck under the Slow moving SMA band, this has never happened in bitcoins history. See you at a lower low !
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