BTC - Slim Shady ..This is an Incomplete move to 5800 .

BTC - Needs to explain what has happened to this move to 5800 - where did it go ?
Its an incomplete move to 5800 which will be covered at a later date.
BTC will move up but you betcha BTC will come down and complete the move later.

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if BTC drops to 6447 , we've been expecting this move for a while now, so its great.
The destination is still 7200 .

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BTC- As long as BTC stays above 6300 the destination is sill up towards the 7200 area

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BTC - coming down

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The 4 hour candle is showing downward movement but the daily candle is showing upward movement. So BTC can drop to

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The 4 hour candle is showing downward movement but the daily candle is showing upward movement. So BTC can drop to 6318 and then continues its upward trend .
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This is one of those times when im glad to be wrong and BTC went up - Yay!

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BTC - This is the incomplete move that BTC skipped to 5800 .
Its either there will be a bounce at 5800 and this will be a bear trap
or its going to be a sharp drop to the lower 5k area

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Look closely at the current location - BTC has hit the side of the wedge, but there is still a missing drop which ends close to the 5800 area.
So BTC will have to bounce at around that area or its a fall down lower.
I suspect this is a bear trap as the wedge is ending and there may be only one more week of downtime left.

BTC also shows it can move up higher to the 8k area, So the test now will be to see if BTC can recover at the 5800 area. BTC could also drop to the upper 56xx area to shake out weak hands .

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BTC - Alternate path