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IS BTC GOING FOR AN ABC CORRECTION?

BITFINEX:BTCUSD   Bitcoin / Dollar
BTC
221 0 3
btc
After the nearest top around 785 level BTC             seems in the middle of a corrective structure. I'm looking for an ABC correction pointing to the long term rising trendline , 1,27 fib extension of the first impulsive wave (A).
If the price goes above the (B) point it means that the correction is over and a new strong leg up is possible.
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