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IS BTC GOING FOR AN ABC CORRECTION?

BITFINEX:BTCUSD   Bitcoin / Dollar
btc
220 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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