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tradedevil
Sep 8, 2017 3:41 PM

200 or 50... 

Bitcoin / U.S. dollarBitstamp

Description

The Bullish count can still play here. If this last low holds, we go higher in an impulsive 5-wave structure. If we break it and then break the 200 EMA... The 5th of this last impulse is in and we most likely retrace to a full 50% of this last 5 Wave structure down to $3388. I'm long and strong but you've got to look at all scenarios. A close below the 200 EMA... line in the sand for me.
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