saldejummi

BTC Correction Up After Leading Diagonal

Long
BITSTAMP:BTCUSD   Bitcoin
A leading diagonal has completed wave (i) and we are on a corrective wave (2) upwards. This correction might be a zig-zag, though is too early to tell for sure. Look for Stoch RSI to drop below 20 and make a positive cross for a long entry within few hours. Target around .618 fib level of wave (i). Stop loss should be set a bit under previous bottom at 8100.
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