BTC Major Drop Close To $600.00's

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
We're looking at a huge bearish Head & Shoulders pattern which may be perhaps the end of the Elliot cycle. A potential new Elliot formation may resume the bearish H&S down to the Fib. Expansion at 1.618, which is around the lower $700.00.
We shall see what will happen after it touches 1.618. Will it go up?
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