Bitcoin Update – Are we in a correction or in an impulse wave?



Today Bitcoin has retraced a little more than the 0.5 Fibonacci level and I am not even sure if it’s done retracing yet. I absolutely don’t know whether this will be an impulse wave or a correction wave so keep the ABC in mind as well just in case, definitely don’t bet on the 5 waves for now. In my analysis I make use of Fibonacci retracements, Fibonacci extensions, Elliott Wave Theory, Ichimoku Clouds and Algo targets.

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