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USD/PEN S/3.8258; EUR/USD $1.0239; GOLD $1736;
Bitcoin $15786; USOIL 80.25
Bitcoin Falls through the $15588 support raising the odds the crypto is heading to the 10000 support.
The $10000 is a crucial support zone. Financial instruments speculative price develops in a certain structure outlined by the Elliott Wave Principle. The structure most likely forming is an impulse wave which isn’t complete. Waves develop in fractals. From the $69000 all-time high, the largest fractal so far is at Intermediate degree which is labeled in the chart in blue numbers in parentheses. The drop today is part of a 5th wave at Intermediate degree. Notice the Intermediate degree (4) completed at eh $21480 high. If this count is correct we should be getting a 5th wave drop with a potential of hitting the $10000 support.
BTC/USDT BINANCE DAILY BAR LOG
