Early yesterday we saw a sudden drop of the BITCOIN price followed by a short and shy consolidation movement upwards…
The drop was expected since the Elliot Wave count was alerting about that in order to complete a long 5-3-5 Correction…
The question is, does the drop terminated? It may have been terminated, actually it looks like a very short but probable 5th wave…
In order to know it we have to see how BITCOIN manage in front of the next resistance:
The RSI indicates oversold condition but the Constant Low Volume does not bode high hopes for recovery…
My plan keeps alive, for the
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