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The rate of XBTUSD is moving in a decreasing wave structure...

Bitcoin (KRAKEN:BTCUSD)  
meszaros  
KRAKEN:BTCUSD   Bitcoin
Wave Analysis XBTUSD
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waveanalysis xbtusd
Let us assume a correction from the current level. The top of the correction can be given by the ATR wave axis (purple line). We expect a new decreasing wave structure from the 7000 level. The resulting triple wave structure has a target price of 6700 levels.
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