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Aerot
May 23, 2016 3:55 PM

Possible Flat Correction -**Update** Long

OKCOIN:BTCUSD120
Bitcoin / United States dollarOKCoin

Description

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Bullish 4H RSI divergence could be signaling the end of the wave.

Wave 5 of C didn't go quite as far as a normal w5 projection, but if it is a flat correction I wouldn't expect it to.

*Note:
  • Blue horizontal ray @ bottom would be my normal expected wave 5 ~target area.
Bitcoin (Cryptocurrency)BTCBTCUSDBTCCNYCryptocurrencycryptobitfinexElliott Wave
Comments
ltc-joe
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ETH bearishness would corroborate this as well, well done.
Aerot
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The community will soon learn that BTC gives a lot less of a fk about what ETH is doing either way. ;)
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