Quick post. BITCOIN has dropped a little bit lower than my expected level (7007 USD).

Now we are in moment to validate the Elliot Wave count.

BITCOIN is clearly in the 61.8 FIBO Level:

![](https://cdn.steemitimages.com/DQmW8CNCc3Hjda5u5rhTFKxJZmD2BTCbj3qZLssXvVp3QjC/image.png)

Also RSI shows an oversold situation which may anticipate the rebound:

![](https://cdn.steemitimages.com/DQmXCvgjYYoTBTRBFCdkWukDNP3NPqbg1puuBXtmrBNtJvE/image.png)

If, by the contrary, BITCOIN would fall even more, i.e. below 6800 USD, the 5 Wave Elliot Count in Blue would be invalidated hence, another scenario would appear, promoting the Bearish cycle, so even lower lows...




...take care and, in top of anything, enjoy Cryptoland!!!

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@toofasteddie

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**Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently.
Neither this post nor myself  is responsible of any of your profit/losses obtained as a result of this information.*


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*Posted at [TIMM](https://mentormarket.io/)*
<center> ![](https://cdn.steemitimages.com/DQmZgkXonKf1NU4WBzkQk6ms7MMVnBZYqfqM2gnmwmUkumF/image.png)</center>