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Unchained_Trading
Nov 9, 2020 9:56 AM

BTC/USD - Path to ATH 

Bitcoin / United States DollarCoinbase

Description

My primary outlook for Bitcoin. The structure is very indicative of a Third wave of a Macro structure - and it appears that we are currently trading inside of the 3rd Sub-wave inside of the Macro Third wave. In hindsight, this is pretty clearly a 1-2-1-2 beginning from the initial dump from 12k. As of now, it is VERY likely that Bitcoin's ATH will be broken. Being inside of a Third wave, it is a certainty.

Breakdown of the current Micro-wave:

Running flat as a 4th Micro-Wave inside of the 3rd Sub-wave.

4th Sub-wave:

The 4th Sub-wave can complete anytime between 12/5 - 12/15. This is an extended 3rd wave, so it has a wide range of targets between $13,900 - $14,900. The estimated date for the 5th Sub-wave is dependent on the completion of the 4th Sub-wave.
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