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Saturday, 14 December 2013

Bitcoin Elliott Wave Analysis H4 & Daily


General Overview for 14/12/2013:
The speculatiove bublle on its best.
You have not seen the top in bitcoin yet.
Projected support level is based on One-to-One geometry levels with some fractal showing up on H4 charts.
Any price below 700 means the market is still in corrective cycle of wave 4 pink with possible Triangle shape.

Support/Resistance:
1090 - All Time High
  968 - Techncial Resistance
  900 - Techncial Resistance
  822 - Techncial Support
  736 - Target Level
  700 - Invalidation Line

Trading Recommendation:
Buy  @ 736 with SL @ 698 and TP1 @ 968 and TP2 @ 1090.
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