7/30/19 - Bear Trend Elliot Wave and Channels on 4 Hourly

Bitcoin has been doing a steeper downtrend leg with a less steep consolidation leg, as shown by the Elliot Waves. A possible steep leg (spanning 7/10-7/17) and a less steep consolidation leg (spanning 7/20-7/30) might be visible on a larger scale. Bitcoin might be ready to start a steeper downtrend leg soon.
Elliott WaveSupport and ResistanceTrend Lines

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