I believe we are still in corrective territory before resuming the bull market upward. From here I expect us to complete minor wave 5 down, before a pop back to resistance at X, and resuming downward to complete Y of the W-X-Y Correction.
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Alternatively, I could see this count taking place. Where (B) of Y is much less exaggerated.
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Overall correction target around 200 D EMA, ~8200$