baronbloe

BTC/USD Elliot Correction Wave

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BITSTAMP:BTCUSD   Bitcoin
Hitting that milestone of $20k was a good way to end the year. But the year is not done just yet. The analysis shows that an impending correction is coming which will bring back to the 17k - 17.3k USD range. A correction will be simply that, a correction. The market will misinterpret the correction and some profit taking will be seen. Those shorting BTC will increase due to implied market direction change towards other cryptos. In fact, BTC is integral to all the rest of them. A bounce back to 23k USD range is possible by the end of the year.
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