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user100000
May 31, 2017 8:43 AM

BITSTAMP Daily 

Bitcoin / U.S. dollarBitstamp

Description

Assuming the circled purple area is not a running flat as previously labeled i.e. this could be an extension where it subdivides again into 1-2 of smaller degree. This could give us more upside potential being that wave 3 has not completed yet. The intraday day chart (4H) shows the first wave down as a leading diagonal (a) where wave one and four overlap. I believe the market is in a (b) wave correction at the moment, waiting for a dip below wave (a) to complete the (c) wave. I would start buy at 1788 and below
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