Hey Guys and welcome in another update on bitcoin so right now its forming a downward pointing triangle of "Wave A''. I think its a ABC (5-3-5) Correction we are in "Wave A" Which is about to complete. I'm thinking it will take support on fib level and bounce to create the Wave B which will take us to $8400-$8500. Then Fall Back to long term trend line. thanks guys for looking into it hope it will help don't forget to leave a like and feel free to ask Que on comment section.
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Here is the wave count Trade active
Wave D In action Trade active
We may see $8300-$8400 Before upcoming fallTrade active
just as we thought price gone up and formed wave D now wave E is in progress which will take us too $7800-$7900 region Trade active
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Just as we expectedNote
As we thought it bounced to $8450 and then fall so are we going to see $7000? the ans Probably no we may not see $7000 i think its the end of the correction Trade active
We may see $7000 nowTrade active
Bear Alert 5th wave incoming Trade active
Feel Free to buy and reload with the Stop Loss at $7000Trade active
I Hope U Guys Made it in 
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A Bounce to $7700 And then it will test the support I'm expecting a triangle in formation
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Disclaimer
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.