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UnknownUnicorn5320750
Oct 24, 2020 11:59 AM

BITCOINWILLNEVERDIE: THE BIG RETRACE Short

Bitcoin / United States DollarCoinbase

Description

Following Elliott Wave rules while using both Japanese Candlesticks and the Relative Strength Index, we are able to calculate Bitcoin’s anticipated wave position. While the last huge drop to 3.9K shocked many, few were prepared to capture this ‘swing-low’ opportunity. Swing lows generally lead to new Elliot Wave structure. From 3.9K, we’ve waved ourselves up to 13K - a $9-10K push. We’ve even broken the historical trend line near 10K but —— it’s never been rechecked. The idea that all trend breakouts must be eventually retested + my Elliott Wave markups has me quite confident that sub 10K prices are in our near future. I’m thinking 9.8K to 17K :) What’s your prediction?
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