DowBits

BTCUSD rally lacks conviction

POLONIEX:BTCUSDT   Bitcoin / Tether USD
BTCUSDT
The volumes are on the decline with recent highs. The recent correction appeared to be Wave iv of bigger (5) than start of a bigger correction. Wave V within (5) got extended and which allowed the recent highs. There is room for further upward push with small wave (v) within V. Once that structure complete, selling pressure will build.

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