Bitcoin - EW analysis - Up or down ?
BTCUSD - It seems like the 2nd wave of down degree as ABC zigzag is completed and 3rd wave is under progress, but it need confirmatory impulse down in smaller time frame with relative high volume because alternatively it can extend the C wave as 2nd wave correction. If price drops below 35238 then it probably the part of down cycle and expected it to go down as 5th wave below 28k. In any case the upper side 39486 is the major invalidation level for bear case.
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