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RE: Bitcoin (BTC) Morning Update: Minor ABCDE Correction Has Only Wave E to Complete

in #bitcoin7 years ago (edited)

Since we closed above the daily trend line and if we close above $8625 (yellow line), these are good indications of a potential reversal to go long.

Daily Chart

The more conservative approach is to wait for price to take out the sell orders at $9250, then buy on a pull back to go long with a target at $12000.

4 Hr Chart

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