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pato
May 16, 2018 7:19 AM

BITCOIN 50% retracement Long

Bitcoin / U.S. dollarBitstamp

Description

Bitcoin rode the 2week wave and topped out just before the $10,000 mark. That play looks like the first wave of a major bull rally in the making and the current decline seems like a 2nd wave consolidation. I think this set-up presents a great opportunity to buy bitcoin for the longterm as a 3rd wave would be monumental if it played out.

Comment

Nice dip so far..watch the crypto market closely this weekend. We might begin to see buyer feeling the market.

Comment

Looks like we have attracted some buy-side interest..now we wait for follow-through

Comment

We may see another dip

Comment

We are here:

Comment

Dangerous possibility for buyers

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