BTCUSD ending a Wave 1 structure, wait for a pullback

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BTC looks to be posting a reversal pattern and ending its wave 1 move. Usually we should anticipate a 50%-61.8% correction of the move higher and that is where I see prices heading. This will be an important accumulation area where we likely range for a while. In this area we may see some decent opportunities to long beaten up Alts.

Be patient, better prices will come.