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BTC SHORT ELLIOT WAVE THEORY

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Hello, just have done some elliott wave analysis. If we hit the top (yellow resistance), we could go down and follow the red channel. RSI looks like double top with 5th wave's top, so it seems that B is top. If trend will follow the channel, we could exactly bounce up at these levels. Hope this helps.

Thank you.
M.
marekfilip98
BTCshortTrend AnalysisWave Analysis

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BTCshortTrend AnalysisWave Analysis
marekfilip98

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.