Bitcoin/USD - If UP then grab the cup by a handle

Current correction of a move from $9280 may end close to the long trend line ($3k - $5.4k). Possible cup n handle formation that would bring us above down trend line for good.

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Nothing to worry yet, we are still in wave 3 counting from $10200. High of this wave should hit about 161.8% fibo extension of wave 1 would be as you can see on the chart - $12139.