Wave analysis suggests that selling pressure may continue today and into the weekend. This wave count is bearish. We need more price swings to be completed to apply appropriate pitchforks, so stay tuned for updates. Most important levels are drawn on this intraday chart.
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Trying to find support @pitchfork's signal line. Watch these 2 forks for breakout setups:
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That's what I meant by saying watch the forks for breakout setups. Classic pitchfork trade:
Very good analysis.. in your opinion, where the price will up again?
Nickonomics
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@fzl_btc, It depends on time-frame, as I believe, Wave 3 of the main trend has either ended or it will end sooner than later. Then comes corrective Wave 4, and then the next best buy opportunity. I will update on longer-term trend soon.