Is Bitcoin Done Correcting?
These are my Elliott waves for Bitcoin. The dip over the weekend was exactly what we needed to confirm a wave c at 50k, and this setup tells me that Bitcoin is done correcting. The white line at 55.5k is the 50 day average for Bitcoin, and in order to confirm the end of this correction we need the next few days to close above it. If we close below that level that confirms that wave c is not complete and we will see new lows (I estimate 48-50k).
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