4h ABC pattern in BTC/USDT

By mhyaqoobi
since most of ABC corrections in Eliot waves follow 5,3,5 or 3,3,5 pattern, A has just completed and B wave is forming now. there may be a consolidation around 6429.62 presumably, as some candles have been formed in that area already. by retracing-projection technique end of B is estimated about 5707.
Bearish PatternsBTCUSDTTrend AnalysisWave Analysis

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