I did not update my Elliot Waves count since more than a week now, thought it is still valid…In my opinion BITCOIN has completed a 3rd and a 4th wave, very short this last one but, despite the steady volume I believe we can see the resume of the upwards move soon forming the final 5th wave of the bigger order 3rd wave, something like this:
However, Shorts has been increased substantially and this is something that may indicate a sudden drop before this count becomes a reality.
Actually, SHORTS are in the “super” Oversold area of the RSI which has never
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