BTCUSD completed full Elliot wave (1 to 5), and ABC correction downwards, bounced of a strong weekly support, and a bollinger band, which shows it should rise in price, it went up, bounce off of 61.8 percent fib zone and formed a 4h resistance, and went back to a weekly support, and bounced again, now it bounced again from a 4h resistance, and we should see a retrace to a 50 percent fib zone, where we should put our entry point, where the BTC should bounce up break the 4h resistance (it bounced off 3 times already so it is weaker). and rise up to a daily resistance and reach 51231 zone, our stop loss should be right below recent low (36613).
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