Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Well, bitcoin is still in the process of consolidating the flat running pattern, according to Elliott's long-term analysis. The last wave pattern is 3 waves that will most likely be returned as a harmonic pattern. Especially in the weekly macd, we also see divergence.
However, this last wave can drop something like 50% with a lower probability than the first wave itself, in which case our main pattern will be extended and we will not have a new ath.