Bitcoin
Short

Wave 5 - Ending Diagonal

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With Bitcoin all but coming to a complete stop, this is the perfect time to review potential Elliott Wave formations and hope you’re on the right side of the money.

After clearing the Flat correction for Wave 4, Bitcoin’s following movements showed Three Waves in the following 1 and 2 numbered waves.

At present moment, formation has all the signs of being in an Ending Diagonal formation.

Next moves to look for:
a) drop to $30K
b) rise to $33.5-$35K (w/ failure)

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