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AndyM

Correction in BTC is in progress, wave C still due

Long
Bitcoin (BITSTAMP:BTCUSD)  
AndyM  
BITSTAMP:BTCUSD   Bitcoin
Wave Analysis
3
0
waveanalysis
0.236 - a frequently encountered fib level for early wave A completion. Wave A breaks out of the channel/trendline, then rolls back by 0.618, and then wave C begins.

BTC should bounce back to 21-21.5k before downtrend resumes.
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