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BITCOIN MONTHLY ANALYSIS FOR LONG TERM

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BITSTAMP:BTCUSD   比特币
We are seeing the correction in bitcoin from last 14 months. If bitcoin does not go below of 13880 then you can see last impulsive move of smaller as well as larger degree and bitcoin makes 1st impulsive move of a larger degree i.e dacade.
The 5th wave can take resistance at red channel and will turn back. If bitcoin goes below of 13880 then this analysis will be invalid.
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