My BTC 5-wave idea

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Elliot Wave could signal this going into September?


I think that the 1 wave has just finished sub-wave 3, now we are in 4 and about to go to 5 - to complete that 1. Others see the 5 waves of your 1 as 5 waves of a C (X) before going to Z. I'm not sure which way we'll go, but I still favour down until we cross 12K
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