is a symmetrical move not in the running here? why not set a higher low here at 7k, then a lower high at 8.5-9k ish then one more move to the lower end before breaking out. i woulda thought this is the most obvious path.
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If you only look at BTC, yes. But there are some other very well known coins in the top 50, which are looking like they are about to explode. That does not make sense, if BTC crashes far below 6400 soon.
ur right it doesn't make sense, so are you considering an Alt breakout to start a BTC reversal?
I think BTC is faking a bearish outlook by doing a very deep wave 2 correction to scare people off.
We cannot know for sure, if this is going to be a impulse or a triangle wave B correction... I need more price data.