BTCUSD has currently fallen into an ascending broadening wedge, as shown by the Elliot Wave. This leads into a corrective ABC wave, where the B wave hits the fib line, and the C wave bounces us to another fib, which is also a major resistance (4th test here) for the "greater" rising wedge forming.aaa
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Disclaimer
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.