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I am a strong believer that BTC is following the Elliot wave pattern.
I believe that at the moment we are in the Wave C of the Correction wave II that started from the all time highs of 20k $, ending the impulsive wave I.
We saw already that BTC did not yet break the previous highs of February 2020, and I do...
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ETH USD is testing the rseistance of the 200 days MA, the downtrend line since the 15th of March and the 50% fibbo.
I think its possible that ETH USD will not break this resistance, at least in the short term.
What do you think?
I would be happy to hear you comments and ideas on this.
We are heading south in the next few months. Waiting for the right moment to buy as much BTC as I can afford.
In my opision, this right moment is way below current levels as I indicated in the chart.
- This is not an advice.
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