Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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It is currently very hard to decide for one count, both seem valid and there are many more that could be possible that I might not even think about. I'm currently leaning bearish , but long-term bullish ...the question is when will the turning point be reached?
What do you think about the two counts (one in blue, one in white)?
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Currently at THE breaking point for BTC, if we break below 8300 the bearish path seems suddenly more likely. Although there is the possibility for a strong bounce and an eventual reversal from the support that is currently around 7500, it would currently make little sense from an Elliot Wave standpoint, although that has nothing to say =)!