Brief BTC update. Road to the deep or simple correction coming?

BTC/USD chart looks like a completed Elliott cycle (2nd chart), moreover, this cycle completes bigger Elliott cycle (on the 3rd chart). It's highly unlikely that we'll see BTC at $4130 again. We expect a dump to $3850 level to 38,2% Fibo level. After that we'll obserse market again and decide, whether we vote for further dump or not.

Don't forget to check our previous idea where we show our point of view in fractals!

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