After breaking down of Rising wedge BTC moving in a structure that resemble SHS. Finger crossed let see how this develop. But if this pattern come to pass it will mean a lot to BTC bullish view.
Thank you for reading my market update.
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We are still on the first leg down for the corrective wave 4. We can tag the whole move from the recent top at 5423$ till the present low to be our wave A of corrective wave ABC of the 4th wave.
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look like we hit the top range of our sub wave iv.
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Spotted possible bearish pennant on 1hr timeframe, this should break down for our expected move.
Very possible considering the RSI hasn't dropped enough and it is most probable that it will happen with the 2nd rally attempt. I will keep my out for that. It explains some of the 4200 numbers I came up with a few times.
weslad
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@ssari, Nice comment mate, thanks for following my updates