Here’s the update on my last post where I noted BTC might have completed a leading diagonal for intermediate wave (A) of primary wave . If correct, then we should see BTC retrace ~78.6% of the wave (A) pullback in wave (B) and from there we should see another big leg down to complete primary wave . My play once again is to begin to exit around the 61.8% retracement level and to be in cash by the 78.6% level. If I’m wrong and BTC breaks down, then I’ll exit if it takes out the low, and I’ll re-enter should it make new highs after breaking through 78.6% retracement level. Obviously, I’ll be updating along the way.
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