Looks like a bearish pennant is forming at the end of the third Elliot wave correction. I think that BTC will fall once more to test the .618 level before we see the market shift back to the bulls.
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Bearish Pennant confirmed. I think the price will now bounce around the .618 level and then we will test to see when the bulls feel like coming backNote
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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.