Bitcoin - Just a simple technical view

The idea is based on the Elliott Wave Theory. The upward movement looks like a corrective structure in the form of ABC wave. There is a possibility of the correction being extended (if the price breaches 1.618 fib level), but the current structure has a decent R:R to consider shorting at this level.
Bitcoin (Cryptocurrency)BTCBTCUSDChart PatternscryptoCryptocurrencyTrend AnalysisWave Analysis

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