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Bitcoin fell sharply this week.  After touching the 3^rd arc on the daily chart (red arrow) it fell very hard, but then quickly recovered and looked like all was well.  When suddenly the other shoe dropped a couple days ago. It looks like top of the 1^st square of the setup has provided support, for now at least.  Elliot Wave traders might note that this looks like it might be the end of a wave 4 of the larger degree wave (blue arrow)?  If so, per Elliot theory, this is a common place for corrections to end.

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