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Projecting The Bottom

BITMEX:XBTUSD.P   Bitcoin
Elliotians will expect (C) bottomed within 0.618 - 1 fib of Wave 1 ( 6956 - 5802.5).

Although, lesser degree wave (12345) could go as low as 3937 if it's over-extended itself.

Using channel created by wave 2 & 4, we project the end of Wave 5 within the fib area

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