Bitcoin looks to find more upside action as the Ending Diagonal pattern begins to take form. A completon of this pattern solidifies the anticipated, sharp return towards 18K. 12K and below have been off the table for weeks now. Support near 18K would confirm this theory.
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Instead of the Extending/Ending Diagonal, the Contracting/Ending Diagonal is also looking like a prime option. Obviously a 50/50 chance between the two but the smaller than expected movements in Wave 3 seem to suggest that this diagonal will contract instead of expand. We'll see, will update.
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Contracting Diagonal appears much more likely than an Extending one.
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BTC has dropped deeper than expected however, this should not change the outcome of the current fratacl.
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18K is coming sooner than expected...
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Could be due for a move to 23K before smashing down towards 21K.
@ArtfulDodger1974, good stuff. if one hasn't sold crypto over the past year, there's absolutely no reason to do so now.
SwallowPremium
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Totally agree with you, mate!!
DigitalSurfTrading
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@ArtfulDodger1974, yes, this is fact. Wave 2 corrections are very much mandatory, regardless of the ticker. I am still not expecting a lows lower than the previous at 15k.