As we can clearly see, bitcoin is in a symmetrical triangle and the path which it will choose will greatly affect the market. If it does a breakout we can expect reaching 16k and that will be the start of a new 1-5 elliott wave series. If btc will drop out from the triangle we can expect a drop to the 7k. Be ready for both scenarios and manage your portfolio carefully!
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Update:
Bitcoin fell out from the triangle.
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Update:
Bitcoin hit the long-term support, let's see how it will hold.
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Update:
Reached triangle crash scenario.
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Update:
As expected, btc went up when it reached the crash scenario. Current resistance - 8800, will release a new chart tomorrow covering bitcoin.
Wave C already has 5 subwaves not 3 and correction of BTC is a complex pattern like WXYXZ not a simple ABC.