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BTC 1H Elliott Wave Forming
Elliott wave appears to be formed on this rising wedge on the hourly chart. I'd expect a bounce off resistance at the shown level back into an A/B/C Elliott correction, but if we clear the target area, there's really no resistance until 48-50k.
I'm watching for invalidation of this by dropping below the bottom trendline in the next few hours. Breakout fakeout is possible here.
I'm watching for invalidation of this by dropping below the bottom trendline in the next few hours. Breakout fakeout is possible here.
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