This is merely a forecast of the BTC price, based on time and percentage gain and loss of previous "waves". Should we have another "average" wave, this is what things could look like.
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I have found this sort of time/average based TA to be quite useful in the past, see here:
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There you go, target met
İşlem kapandı: hedefe ulaştı
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Wow
Top @ ~16k, 10-15 Jan 2018