It seems like BTC is still waiting for the 5th wave down.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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In this, one of many possible scenarios, I've counted Elliot Waves and it seems that we're still waiting for the 5th wave down to come and sub waves confirm it. This is one of the reasons, that it got so slow, people are expecting one more down fall to possibly ~8300 area before trend changes.
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