Bitcoin

Bitcoin. A multi-month correction? #BTC

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I've been hesitant to try TA on Bitcoin. With the institutional interest growing over the last year I haven't made very many good calls, so this idea is entirely for entertainment purposes. I hope it generates some comments and conversation more than anything.

I put a horizontal ray near $41000 after it switched from resistance to support in early January, mid-June, and again in late September.

I'm still learning the vast complexities of Elliot Wave Theory but at first glance this is what I think is going on.

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