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Chevdor
Aug 21, 2014 10:25 AM

Start of Wave 1/5 Short

Bitcoin / EuroKraken

Description

We got a nice 5 waves down followed by a 3 waves up with high volume.
RSI shows a failure swing point and IMO the volume will now go down while we enter a first leg up.

On this chart, I did not yet pay much attention to the depth of the up coming waves and it will probably go lower down.
We can see a bit more once wave 1 closes.
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