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Bitcoin breaking out of consolidation area
An ABCDE correction that looks to be breaking out:
blog.forex4you.com/wp-content/uploads/2014/01/convergent-Elliot-waves.png
Expect to see 380+ soon.
"The ascending and descending triangle wave patterns are seen as a region of horizontal price movement, which represent a period of consolidation of a prior upside move or downside move, before the price of the asset continues in the direction of the initial move."
blog.forex4you.com/wp-content/uploads/2014/01/convergent-Elliot-waves.png
Expect to see 380+ soon.
"The ascending and descending triangle wave patterns are seen as a region of horizontal price movement, which represent a period of consolidation of a prior upside move or downside move, before the price of the asset continues in the direction of the initial move."
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