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Topic: [2016-01-17] Bitcoin Price - How Low Can You Go? (Read 222 times)

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Price has found support at a Fib line originating at the low of 1 June 2015.

Additionally, 4-hour RSI shows a well-defined five wave channel to today’s low. According to Elliott wave principle, the decline should now be complete, but the Bitcoin price chart regularly forms waves consisting of seven subwaves, so there is no reason to call the bottom just yet.

https://www.cryptocoinsnews.com/79765-2/
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