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JTMuncaster
Aug 7, 2017 3:50 PM

Bit Coin new highs potential level for a pull back 

Bitcoin / U.S. dollarBitstamp

Description

Using Fibonacci extension of 1.61 from the pull back after the last high. You can see that Fibonacci works well for bitcoin as I have the retracement on there to predict an accurate reversal point. The Elliot Wave theory also seems to show that there is more to come from the current impulse wave.
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