Eloquent

ending\leading diagonal, simplified.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
this is pretty much the plan, from a simplified perspective.

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an ending, or leading diagonal is a 3-3-3-3-3, which is created within a contracting wedge looking thing.
each move consists of 3 waves, labeled as an abc.
wave 3 cannot be the shortest wave.

leading diagonal appears in the beginning
ending diagonal appears at the end.

which one it is, we won't know until we see what the move up looks like once it has been completed.

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looking for a quick short squeeze to that 33k region, could go a bit higher if things gets heated.

after which i think it swoops back down to around 20k to finish this corrective phase.
Trade active: what might look simple at first glance, is nothing but complexity.


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