Bitcoin/USD - End of correction is close

Fibo extension of last impulsive fall shows it potential end around $7850 which is very close to 61.8% fibo retracement of whole rise from $6.5k. Violet line ($3k - $6k) and the blue line may stop this fall however going through whole demand zone (green rectangle) has bigger possibility.

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Falling wedge

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Forgot to update arrows ;)

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We are almost there ;)