VIEWS OF BITCOIN - WAIT FOR 4600-5000, THEN PLAY THE HOUSE

Given the fact that the 50 % retracement at 9756 has already been broken decisively, we see a significant risk that the market will ultimately head for 4605 (76.4 %), which is the classical wave II target on higher scale and follows the completion of the so-called accumulation phase. This is supported by my previous idea in scenario 3 however I now believe this to be the only scenario and highly likely.

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Trade playing out perfectly, compare the boxes.

Same target still active.