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Da-One
Jan 10, 2018 12:20 AM

BTC to finish Elliott wave C correction 

Bitcoin / DollarBitfinex

Description

After the 1-2-3-4-5 Elliott Impulse Wave, BTC is in the C wave of Elliot Correction wave pattern. BTC will go more down to 12800-13200 support zone. This idea is also supported by the inverted cup and handle pattern.
If BTC breaks the triangle up, wave C might not finish completely, but this is not likely to happen. I'm expecting breaking down. You can short after the break down for a quick scalp and long in the support zone, after uptrend confirmation.

Comment

Buy zone hit. Buy now or wait for trend reversal confirmation.
Comments
NickMickYoK
where is the upper target resistance? 17k?
Da-One
@robotcu27, yes 17k, then 20k is major resistance
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