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Droogie
Sep 4, 2017 6:05 PM

BTC Wave 5 Complete? Short

Bitcoin / U.S. dollarBitstamp

Description

BTCUSD may have completed Elliot wave 5 which would call for a correction back down to 2-3k levels.

Comment

note timeline is based on previous 2013 peak & recovery. Focus should be on price targets & not exact times of pattern completion.
Comments
You23
Sorry but that correction will not last this long. 2014 was BTC crossing the technological chasm - traders will front run 2020 halving. This entire correction will play out within 9mo-12mo instead of more than 24 as you have it.
Droogie
@Ero23, completely agree, this timeline is not accurate. Crypto moves fast
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