There is a good chance now that we will see antoher drop in BTC soon as this might be another wave 2 correction.

Maybe Michael Saylor needs to prove that he is a real HODLer by surviving his first 50% drop (he bought at $11.111).

A 50% correction of this move up is shown on the chart as the black line @ $8200. (62% is $7200).

I predicted a big wave 2 as one possible outcome on 04.09.2020:

There is also an immediately bullish scenario, but it is not looking favorable at the moment.

Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.

Please consider leaving a comment, like or rehive, if this post entertained you or helped you see things differently...

Have a nice day :-)

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