BTCUSD - CUP & HANDLE OR DESCENDING TRIANGLE?

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(1) Cup & Handle breakout in the next two weeks is a possiblity and can be denied if it fails to breakout and then follow suit by formation of Descending Triangle in Week 3-4 and attempt for another breakout from Week 5-6

(2) Note the Red Arrows which forms the Strong Support and Buying Zone

(3) If the Wave Count is correct, we are entering a correction phase

(4) Confluence of Fibonacci Retracements of the Major Wave and the Minor Wave put the shaded region of the highest probability for the correction phase
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BTC Chart still haven't gone into the 50%-61.8% zone. The chances are looking more likely snapshot
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On 4-hr chart BTC is in extended correction WXYZ snapshot
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On 30-minute Chart BTC in a newly-formed channel if breakout on the downside the Fib retracements will act as support levels snapshot
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We saw the 0.618 Fib on the Main downward channel which forms the long term bear trent resistance broken yesterday but it was a bull trap. snapshot
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Still going according to 21st Feb forecast snapshot
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BTCUSD on 1-hr Chart. Looks like this is going to be a DESCENDING TRIANGLE snapshot
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The final test snapshot
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So far so good but I have no idea how this will end up at this point in time ! snapshot
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THIS IS LUCK IN PREDICTION - ENTERING THE 6TH WEEK, CAN WE EXPECT A BREAKOUT TO THE DOWNSIDE? snapshot
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The Bottom prediction using Trend-based Fib Extension snapshot
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4-HOUR CHART SHOWS RSI BULLISH REVERSAL DIVERGENCE snapshot
Chart PatternsTrend AnalysisWave Analysis

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