JimFred

Did the tide turn at 86?

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
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food for thought.

Since the 5 waves down ended at 86, I count not 1, but 2 distinct 5 waves UP. That could still be an abc correction, with the next wave down due at any time. OR.. The tide turned at 86. Note that the price crossed Gann resistance. That resistance became support 5 bars later. Just saying....
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