BTC working on a short-term bottom followed by consolidation
My Elliott Theory says this decline has 1 more possible low to it and then it's potentially off to a month of consolidation sideways to complete a wave 2 bottom followed by wave 3 in September.
Basically, go on vacation for the rest of the month...nothing to see here for awhile.
Basically, go on vacation for the rest of the month...nothing to see here for awhile.
Note
Looks like that could be the low. Putting stops just below that $6100 low.Trade closed: stop reached
This bear is relentless. There looks to be more decline in the short-term here and possibly could break late-July lows at least.
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