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If the Elliot waves hold up (there are no wave failures) in the face of strong shorts being entered in the sub $6300 area then $7400 is on the table. If you are in a short position - welcome to an uncomfortable 36 hours. If that happens the vast majority of shorts will be underwater - as shorts picked up drastically when BTC dropped below $7600. Shorts topped out when BTC was in the $6200 region and now shorts are reducing quickly.
Let's see, bring on the bulls. Protect your investment everyone.