10,800-10,850 is the .382 retrace and we got within 140 points of touching that level in bitcoin..this is a key retracement because a W4 at .382 retrace of the downward W3 would stop the downward 3 and all that would be left is a 5th wave down…what I plan on doing is try to buy the low of the 5th wave formation…10,800 followed by 9000-9500 is where I’d like to buy if it forms a familiar 5th wave..in this case an ending diagonal would be perfect to get a bottom here..
[8:28PM] $BTC.X Bitcoin nearly retraced .382 in a W4..this would stop the downward 3
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