We can expect an ABC correction down to 8800 USD for BTC. Bearish divergence on 4hr chart shows that correction is incoming.
This chart shows the Elliot Wave analysis:
First Elliot wave of BTC uptrend has almost been completed.
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Detailed analysis of ABC correction
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No predictions here - only possibilities
Downtrend still valid and in line with ABC correction. Currently in B correction up to 9.5k. After that we can expect another drop in 5 waves down to 8.8k.
No predictions here - only possibilities
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Bitcoin on 4Hr chart looks oversold. May be a good position for a partial long position now.
Price Volume per Price Range is very strong at current level.
Bitcoin on 4Hr chart looks oversold. May be a good position for a partial long position now.
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Looks like the Bears are still in the game. Downtrend is continuing and btc is still oversold on the 4hr chart.