Here is Bitfinex 1hr.
My wave counts and trading setups are as shown above.
Regarding to Elliott wave theory, BTC bounced at wave 1's 4.236 fib extension level, which I believe is wave 3.
I am bearish right now and expecting few more down-going waves.
On the bright side, the white mid long term trend-line was well supported.
In shorter term, BTC broke the yellow trend-line above and is soon to test the 0.236 fib level of wave 3.
Bitcoin (Cryptocurrency)bitfinexBTCUSDCryptocurrencyTechnical IndicatorsTrend AnalysisWave Analysis

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