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MonkeyMagic
Mar 15, 2018 9:45 AM

BTCUSD - was it a truncated 5th? Target has not changed 

Bitcoin / DollarBitfinex

Description

A different count if we consider the 5th impulse wave to be truncated. The zigzag correction looks a little more classic in this scenario.

My projected target remains the same, a 0.786 retracement to $7,200 or so. I believe BTCUSD will bounce of this level in the short term, but there are larger possible patterns in play here so I will be considering the medium term possibilities in due course.
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