BTC The rise and fall of Bitcoin

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hello all Crytponinians, after a couple of days of downtrending that began the 4th April, BTC             is in a consolidation channel around $6800. Yesterday daily closed with a weak or neutral doji which means indecisiveness. The EW count is not clear whether we have exhausted the wave 2(blue) down in 5 subwaves or we have the beginning of Wave 3. Due to the lack of volume and movement I would suggest it is still in final 5th subwave of the Wave 2 down. This is valid as long as BTC             stays above $6400. A move above $7200 would confirm Wave 3 formation as shown. The other noticeable play which adds credibility to my EW count is the descending wedge forming on the 1hr, 2 hr             and 4hr . Look for a strong breakout above the wedge for confirmation of an impulse wave. I am still long for now as i have not seen the strong confirmations of impending doom. Thank you for taking your time to read analysis. Asd             always happy to receive constructive criticism or alternative views.
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I stated so long as we dont touch $6400, wave 2 is still in play. I am stoked.
If you guys were patient and did not lose focus , here are the results hit right on the knocker. We are in wave 4 now
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