BITCOIN >>AUGUST 27<< ONE MORE PUSH TO $7K+ OR A DUMP TO SUB $6K
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We are at a very important price point . Two scenarios are likely to take place. The 1st leg of the last zigzag is done. To correct it, BTC could rally to the $7200-7500 or in between which coincides respectively to the 50% and 61% fib and reverse from there, or it could just dump from the 38% which has already been hit. Both scenarios could lead us to sub 6k sooner or later.
Remember, my wave targets and channels are estimate target levels and are based on Fibonacci and Elliot Wave Principles. They are subject to possible adjustments. Timeframe was not taken into consideration when projecting targets.
DISCLAIMER: THIS IS NOT PROFESSIONAL ADVICE BUT MY PERSONAL REFLECTION OF THE MARKET.
Remember, my wave targets and channels are estimate target levels and are based on Fibonacci and Elliot Wave Principles. They are subject to possible adjustments. Timeframe was not taken into consideration when projecting targets.
DISCLAIMER: THIS IS NOT PROFESSIONAL ADVICE BUT MY PERSONAL REFLECTION OF THE MARKET.
Komen
We could get something like this if BTC goes for the 7200-7500 range Komen
another scenario to the 7200-7500 range Komen
Komen
Could also be a simple flat or irregular correction Komen
Komen
Let's note that we have hit 7k. From what I see, the reversal could still happen in the 7200-7500 range. I would watch out any signal from 7k and 7500. Penafian
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