At the moment BTC Price is at another strong support if this support failed to hold we will have massive free falling again to test next weak support at 1876$ before final grand support at 1127$.
Must hold support is 1127$.
My expectation is a major reversal at the 2985-3000$ level to complete the corrective wave (c).
approaching the all time low at on January 2015 at 26.11 range, at this level we have major change in the market to begin all time high journey.
Fingers crossed to see how this develop.
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4hrs timeframe chart show potential falling wedge which is nearing the end and if this break as expected should move up.
If the move is for correction then the target will be 3640$ then we have more drop may to new low at 3000$. It will be in the form of ABC move just like i show it on the chart.
But if the move is for real impulsive move then we will have complete wave 12345 which should happen in the form of this Giant Inverse Head and shoulder with target showing 5200$, then down to re-test 3000$ zone again before more rise.
Fingers crossed to see how this will develop.
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