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j_nathan
Apr 29, 2020 1:14 PM

BTC AB=CD Bear - Target 2826 Short

Bitcoin / DollarBitfinex

Description

AB=CD pattern satisfied @ 8011 (Leg C)

Leg D target 2826 (current)
Leg D target range if 9101 met or exceeded = 2650 range

Study nullified if origination price 10491 exceeded

Comment

BTC either exceeds 10,491 or corrects downward back to 2016 levels

This is a valid pattern but is negated when 10,491 exceeded.
Lets hope so.

New target resides below $700.



Prices and value history
Date USD : 1 BTC
May–June 2016 $450–$750
July–September 2016 $600–$630
October–November 2016 $600–$780
January 2017 $800–$1,150
Comments
andreamanuelesposito
i think it is correct only if will exceed resistance 8.4k
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