Hard to say what is happening. Another Elliott wave?

By tx512
Updated
The probability that this happens? Low I would say.

It is just one of the many possibilities.

Wave 2 (in blue) is 1.618 extension of the correction (in purple)

What do you think?


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But if - and only if - BTC breaks 8,300$ we would then have this:

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Trade closed: stop reached
Wave Analysis
tx512

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