BTCCNY EW Analysis - wave C impulse in progress toward 2200
The BTCCNY pair is correcting the larger down trend in a flat abc style. We've had an abc wave A, a triangle wave B, and now erupting as a triangle trust, an impulsive wave C. This could take us fairly high to around 2200 yuan to test the upper down trend line. At the time of publication, we are theoretically completing wave (i) of iii of III so we could be about to see a sharp break upwards towards 1850+.
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