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Bitcoin Price Decline Complete?

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Bitcoin cost decrease is on reason as a marketplace chooses a upside. Is this a start of a new advance, or merely allege in a correction?

This research is supposing by xbt.social with a 3-hour delay. Read a full research here. Not a member? Join now.

Bitcoin Price Analysis

Time of analysis: 15h00 UTC

Bitstamp 1-Hour Candle Chart

Selection_20160724_003

From a research pages of xbt.social, progressing today:

Bitcoin cost spent a past 24 hours in a laterally holding pattern. At a time of essay a swell aloft began from a day’s hourly candle shutting low.

The Elliott call count from a new tip is labeled and a benefaction upside call stays unchanging with an ABC correction.

If this call count is correct, afterwards we’d design call C to aim a 1.618 Fib prolongation of call A during $664. This will also be a estimate turn of a 1hr 200MA, as good as a 50% retracement of a decrease given 18 July.

From this level, a decrease pragmatic by a 4hr and 1day candle charts can


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