Hello traders,
BTCUSD - The first way I see it playing out is directly upwards from here to break the top which means that the correction was a simple flat. After breaking the top, we will most likely pull-back to make a new small flat or a 1 line correction to complete the bigger wxyxz which started at the end of July.
The second scenario is a dump to break the low from here which would make a bigger ‘2’ correction wave in the middle of the big summer flat before taking off to make a new high.
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Thank you,
Good luck