Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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This first wave looks really artificial to me, the move up seems to be authentic but the way it moved and the way it corrected just somehow seems different than most of bitcoins price movement. Maybe that is because the price dropped way below what it was supposed to be at 7300, maybe its manipulation, maybe I am just dumb and this is an authentic move?
But the move down to 7300 looks more like it was having 4 impulses in it, which is possible, just haven't seen that happen to BTC that often and especially not when the price is already too low and a correction should be happening soon.
The move up is also very weird, with wave 5 almost not existing.
The move down to 8200 is also somewhat different. ABCDE corrections aren't supposed to have impulse waves in them. (I would have preferred to see an ABC correction or a 3-3-3-3-3 pattern) The move up from there has almost no corrections in them, but i will make another idea on that.