Bitcoin @ critical support level

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

WavesInvesting

BTC

From an Elliott Waves perspective BTC just finished a 5 waves down . Wave A.

Then entered the corrective phase Wave B. This correction is not finished yet, but as soon as it takes that low of $28354 $BTC expect it to drop till the next graph support level .

That support coincides with the equality of waves A and C. around $12500.

So keep a close eye on that $28354 support level , when it goes will drop.

Disclaimer: This is my analysis and does not constitute financial advice.

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