Bitcoin has turned sharply higher overnight, decisively above the upper channel line, which suggest that corrective wave IV is completed and that a new five-wave recovery can be in progress. We are now observing sub-wave (1) of five, that is in progress.
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.