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broke down from the trend that most would draw and assume a retracement or even bear however, even with a lower break out of the fib channel it will still be within a setup for a megaphone bull break out. Elliott wave analysis of the megaphone happened to be aligned with a 50% retracement of the December run at the end of wave 4 though this wave passes through the ...
Instead of breaking to the downside, a bear trap
has been deployed. BTC could now go higher?
Watch and wait.
Hedge the Wedge
Looking for a nice short here