It's hard to gauge with confidence which direction Bitcoin will go in next. There are alternate wave counts for both directions. However, if you look closely on the hourly timeframe, these recent moves down look very impulsive, which is pretty bearish. I say the key here is if Bitcoin can close above 6991 on the DAILY candle by TONIGHT (1 more hour), then it has a good chance of staying bullish - which isn't very likely. If the 4 hour time frame can get above that last green candles with no resistance, then that will make up for all bullishness. Until then, I'm slightly leaning bearish and we may see new lows before we get an attempt to 9k. Be patient on both sides and weight for things to play out. AS nice as longing down here would be, this is no man's land.
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I'm liking what I'm seeing from Bitcoin. As soon as it gets above wave B this should be confirmed. The ABC wave completed and it's shown support at the bottom breaker with willingness to go higher.
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Leave no mercy you Bastard
