emehoke

BTC. unexpected weakness. full wave retracement.

Largo
BINANCE:BTCUSD.P   BTC Perpetual Futures Contract
The big thing for me is wave 4 retracing wave 3. Part of me is saying don't think too hard about it, and the other part of me is saying that this wave pattern is broken, don't be a dummy. However, sideways does not mean down. Last time bitcoin did this it took a while to recover, but it did. The sentiment was much more bearish at that time, in my opinion.
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