Wave 5 in the commodity markets are very powerful. Since bitcoin is half commodity and half currency I believe it will follow the way of commodity markets and behave similarly during wave 5 just as it did at the 260 top. that was a wave 5 move. the 1160 top was a wave 3 so it wasn't as powerful.
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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.