danborovik

Bitcoin ending 5th wave diagonal, Bearish!?

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COINBASE:BTCUSD   Bitcoin
Bitcoin is in an ending 5th wave diagonal as it is stuck under the 200 daily MA. After a massive 41% move since December 18th (1 full month ago), we seem to be ready for a corrective ABC count back down to retest the neckline of the Head and Shoulders pattern that contributed to the breakout. This is also where the 55 daily EMA is resting currently.

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