Almost a textbook flat. As per our last ANKR analysis in the beginning of December, this is playing out beautifully.
There is a strong argument for 5 subwaves ending in late March, and that this flat is the wave 2 correction. I probably won't need to tell you this seems to be almost done correction.
The ending of this wave could be a bit tricky and depends on how Bitcoin is going to react to technicals and the traditional markets.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.