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VishValue
Mar 10, 2018 1:04 AM

BTCUSD Elliot Wave Analysis on the 3hr Chart - 10th March 2018 Short

Bitcoin / DollarBitfinex

Description

See picture.
The scenario shown here is the most bearish one, with wave C extended beyond the end of wave A.
It is also possible for wave C to end near wave A, forming a double bottom.
More bullish still is if wave C terminates above the end of wave A. I don't think the market sentiment is this bullish to make this very likely.
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