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amags
Nov 7, 2016 6:02 PM

The good ol' cup and handle within a cup and handle 

Bitcoin / U.S. dollarBitstamp

Description

Well Im new at this but bitcoin seems to be making a longterm cup and handle. It got a lot of resistance at the last high but I believe market outlook is still bullish. Not too familiar with wave trading but the last sell off looks like an impulse leg. There is an obvious flag forming and i don't see enough bullish support for btc at this level.
I intend on buying at the 660-650 area

Comment

well i dont think we are going to have another drop :/
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