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If you read my previous Bitcoin update you would see a pretty bearish analysis. That is still my primary count and everything is going as the previous analysis is stating. The good thing is that we've just broken a descending bearish channel and we managed to to that with some volume. It's important that we don't fall into the channel again. I do think it's possible that we hit it again but it will probably act as support next time and that will be a catalyst for new impulses as I'm showing in this screenshot.
I think we're going sideways for a little while now before a new impulse and 3rd subwave. I lowered my mid term target a notch to $15856. Will give you updates on the way.
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Disclaimer:
I'm not a financial advisor and these are only my opinions. I don't take any responsibility for any investments that you make based on my analysis.
