BillCharison

Brief BTC update. Road to the deep or simple correction coming?

Short
BITMEX:XBTUSD.P   Bitcoin
BTC/USD chart looks like a completed Elliott cycle (2nd chart), moreover, this cycle completes bigger Elliott cycle (on the 3rd chart). It's highly unlikely that we'll see BTC at $4130 again. We expect a dump to $3850 level to 38,2% Fibo level. After that we'll obserse market again and decide, whether we vote for further dump or not.

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