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Right now I see this as a possible shake out before a big move up to 14k on the 3hr leg2.
We got another leg down on the 12hr for leg3 and it was pretty brutal. Its already come down in 2 legs on the 3hr and is therefore nearly complete.
However we may get a final leg 3 down on the 3hr as we currently have only done 2 legs down on the 3hr.
2/3 legs down on the 12hr = 1 leg down on the 3day
2/3 legs down on the 3hr =1 leg down on the 12hr
2/3 legs ...
We are leg 3 down on the 12hr. Once this leg is finished there will be a big move up possibly straight to 20k.
So don't miss it! The way to catch it is to move down onto the 1hr chart and count 2-3 legs down inside the
3hr. We are currently leg 2 down on the 1hr inside leg 2 on the 3hr.
The market always moves in legs of 2-3. But knowing this is not a holy grail ...
3 legs down on the daily is a scenario that if true would give us a huge move up on bitcoin to 20k and beyond
We have moved down in what looks like 2 legs on the 12hr. Look ready for big move up after leg 2 on 12hr is complete.
It may already be complete or we may do leg 3 down on the 3hr. If we do this will be a great buying opportunity.
If you look down inside every 3hr leg I have drawn you can count 2-3 legs inside it on the 1hr timeframe. If we push down for
a leg 3 ...