The last 5th wave of the C leg is still missing. Very possible target for it is between 8519$ and 8443$.
Here why:
- 1:1 extension from A and B - 8449$
- 0.382 retracement - 8519$
- wave 3 of the C leg reached 1.618 there is 80% possibility wave 5 to retrace at 2.618 - 8443$
- support zone - 8458$
If BTC decide to do extended 5th wave you may accumulate your buys between 0.382 and 0.65. Stop loss slightly below 7600 the last support zone. BTC will crash if go under this support zone!
Do not rule out the possibility of double bottom at 8652$
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Legal Disclaimer: This blog post and the materials in it are for informational purposes only. I'm not an financial advisor. This is only my opinion. It is not advice or recommendation to buy or sell according to provided information about the price movements and I am not liable for any pecuniary damages!
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There will be a lot of interesting!
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