user100000

BITSTAMP Daily

Long
BITSTAMP:BTCUSD   Bitcoin
I've bought bitcoin during this drop because it retraced 38.2% of wave 3 which is good enough for me and is the typical level for a wave four retracement. I'm not sure what kind of correction is developing but often we see a contracting triangle unfold at this stage of the impulse wave. Or it could be some other combination of WXY nobody can predict as it's too early. This is a great level to accumulate. Good luck. See you at ~4K
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