Bitcoin Overall Movement

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This chart indicates the downward channel that bitcoin has been moving in, along with the bullish wedge where it had completed the ABCDE waves.

Some minor and major supports have been indicated for your perusal.

Would appreciate your comments if you feel I am missing something or something has been overlooked.

Just trying to perfect my TA.
So now we have an inverted head and shoulders, volumes also confirm it. So far the support is holding and this could be what is unfolding. But you will notice the right shoulder has formed and head and shoulders. Actually it has formed a head and shoulders within a head and shoulders.
Things are looking up. But still a long way to go. We have to still get of this bearish channel.
As an investor I would surely buy regardless if it drops to 5300. This is a once off sale.As a trader I would wait for confirmation of an uptrend. So volumes would be the first major sign for me, followed by the MACD on the 1 day chart.

But buying volumes has to be really big because its is THAT oversold now.
To buy or not to buy? That is the question.
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