BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
BTC has been correcting its rise from 4000 since a few days now. This sideways is showing a textbook pattern according to Elliott wave principles. Odds favor one last push down, probably towards the 4700 level, before the underlying uptrend resume.
Momentum is high, here again a textbook situation for a third wave as noted by a purple circled iii and RSI back from overbought territory.

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