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SpiralGraph
Dec 31, 2018 5:04 PM

BTC Undecided 

Bitcoin / U.S. dollarBitstamp

Description

Looks like we're stuck between two possible patterns.

My outlook is that a break over 4.2K Will complete the IHS and should bring us to 5.23K.
Technical:
Strong fib confluence at 5.23K is show as:
.618 of the large swing & is the same fib as 1.886 of the 3.1K to 4.2K swing.


A break under 3.5K should have us zigzag down to about 2.45K.
Technical:
1.618 of 3.1K to 4.2K ABC swing is 2.45K
This is also the 2.618 of alternate orange 1 and 2 from 4.2K to 3.5K.



Comment

Thinking this is the correct path.

Comment

two possible outcomes.
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