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McCarteen
Mar 18, 2021 3:09 PM

Bitcoin might be testing a level of support. Long

Bitcoin / U.S. dollarBitstamp

Description

I am still assuming that a wave 5 is in progress with the interior count of wave 1(leading diagonal) and 2 assuming to be complete.
Now assuming that wave 3 is still unfolding with the interior wave 4 currently unfolding, taking a shape of a flag technical pattern.

Using the fibonacci retracement tool I can see price is currently testing the 38.2% level of support.
Finding a good opportunity can be taken as the analysis remains valid until the top of wave 1 is taken out.

A happy trading to you all.
God Bless You.
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