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RE: BTC red alert! - updated chart
Does your update based on the rules violation increase the relative likelihood that this is still a 1-2?
It seems to me that bearish sentiment has really picked up the last couple of days and I wonder whether that could be a contrarian indicator here, as long as the 1-2 isn’t officially invalidated at $5715 or so.
No, the probability is below 10% for such a deep wave 2. Yes, 1-2 is not invalid yet, but one of the two only bullcounts left...