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bubbap22
Jul 25, 2018 12:47 AM

Is btc ready for a pullback? 

Bitcoin / U.S. dollarBitstamp

Description

short and simple here as it looks like btc is in the overbought zone on the daily RSI and is possibly at the end of a 5 wave elliott wave structure. A healthy pullback could bring it back to previous resistance turned support around 7500 and the .618 level. After a run like this it could use the break to reset and I think the bullish trend will continue
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