As I pointed out in my previous post, Bitcoin appears to have formed a head and shoulders pattern which may be signaling lower prices.
Price seems to have pulled back to the neckline for one last "kiss goodbye" and is now starting to move lower. A convincing break below $10k will confirm this pattern.
If you have any thoughts or questions about this wave count or elliott wave in general, please post them in the comments.
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I am not a financial advisor. Be sure to do your own research.
