From the Bottom at $3000 you can count 5 waves up, after 5 waves up we can expect 3 waves down.
What is concerning is the bearish ending diagonal in the form of ABCDE pointing upwards, and the MACD also is pointing downwards, making a very bearish sign. Prices made a bearish wick above the resistance and that support could take us to a new high, but at the end of the day everything leads us to a selloff, will it happen now before the fork?
BTC loves to trick people out, so let's see how it plays.
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