This is now my favored count of this mess:
This means, that the downtrend in BTC could end very soon.
A short breakdown and we will be done (hopefully).
short note: theoretically it is possible, that todays dump already has completed wave Y of Z of 4. We made a new low below W, so it would not even be a truncated wave Y.
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DISCLAIMER: This post / analysis serves general information purposes only. I am not a financial adviser. The material in this post does not constitute any trading advice of any kind. This is just the way I see the charts and what my trading ideas are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
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