Bitcoin Weekly Flash Technical Analysis Update

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Weekly bitcoin closing wanting again to break the historical high above 19666, but the indicators begin to show correction signals in a state of overbought.

Overbought asset means greater risk in the risk versus reward ratio. Based on this, we have not yet made a positive decision to open long or short, seeing that we really need the asset to make some price lateralization or exit the overbought zone in most of the most important chart times.

In a few moments we will see the end of wave 5 of elliot on the weekly chart.

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