DowBits

BTC Short term wave structure

DowBits Updated   
POLONIEX:BTCUSDT   Bitcoin / Tether USD
BTCUSD
Here is the breakdown of Wave (5) within primary Wave 3. This may sound bit complex unless you have some understanding of ElliotWaves. In a big picture, the current rally is out of bigger channel range which could make any experienced trader nervous with a long position. A breakdown of a short term channel will be the first confirmation if a reversal is in place.

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