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Rising wedge and Bearish Divergence. Prepare for correction

Oleh mboss_37
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We can expect an ABC correction down to 8800 USD for BTC. Bearish divergence on 4hr chart shows that correction is incoming.
This chart shows the Elliot Wave analysis:
syot kilatFirst Elliot wave of BTC uptrend has almost been completed.
Nota
syot kilat
Detailed analysis of ABC correction
Nota
syot kilat
Downtrend still valid and in line with ABC correction. Currently in B correction up to 9.5k. After that we can expect another drop in 5 waves down to 8.8k.

No predictions here - only possibilities
Nota
syot kilat
Price Volume per Price Range is very strong at current level.
Bitcoin on 4Hr chart looks oversold. May be a good position for a partial long position now.
Nota
syot kilat
Looks like the Bears are still in the game. Downtrend is continuing and btc is still oversold on the 4hr chart.
bearishdivergenceBitcoin (Cryptocurrency)BTCBTCUSDChart PatternsrsidivergenceTrend AnalysisWave Analysis
mboss_37
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