Brian_Wu

The uptrend is just a bull trap

BITFINEX:BTCUSD   Bitcoin
I revised my previous idea, which I thought that the down trend is a super wave C, but in fact, it is a part of double triangle. As you can see from the chart, I think the current uptrend should be wave c in wave B, which should consist of 5 sub-waves, and the target price is around 11k - 11.2k. When wave c ends, Then wave C will take action. it should consist of 5 waves, and the target price could be around 7.7k

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