Outlook: Favoring the wave 2 low is in place at $39656.42 and a move to break $52915.84, the wave 1 high is now underway.
Analysis: Yesterday's pullback is behind us, with BTC reaching new recovery highs and trending higher. As the chart above indicates, the wave labels have been raised by one degree, although we're still favoring a third wave advance is in progress. The 51000-54000 range is a target area to complete wave (iii). We'll see if we can fine tune the estimates going forward.
CatTrap
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Correct about sell zone, lots of people getting out in that area, those buying are going to have a tough time indeed
v184
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Nice chart but missing a few zeroes in the sell zone prices though😆