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RE: OMG Analysis Update: Timberrrrrrrrrr!!!!!!!!!!!!!!!!!!

in #bitcoin7 years ago

interesting. Apart from the MACD cross, why do you think this is the ABC correction. A bit before this at 6 it also has a pullback before going up again. Would be great if you could explain further

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ABC retraces usually to prior Wave 4 as shown in below chart and prior post. So, where I've placed c is where wave 4 ended which was a beautiful abcde triangle.
https://steemit.com/bitcoin/@haejin/omg-coin-oh-my-god-it-s-about-to-crash

great thanks for explaining!

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