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originally posted by: GBP/JPY
it's in a bearish expanding triangle now in a triple zizzag three
Expect 5 waves inside the triangle's lines that are a continuation pattern to the downside
we label the last wave " E " so it will go up again before the downside if seen, so don't get that bullish feeling yet.
Down there sits 1750.00 is in sight actually on a spike I betcha using equilibrium clouds on the daily and 4 hour chart and those lovely fibo extensions
for the entry if buying or selling for you elliott wavers out there this week we can watch the slo stochastic for the renouned " THREE PUSHES TO TAKE "
I set my slo sto on 34,3,3 and I think you should have yours the same way!...hehe
In monetary economics, fiat money is an intrinsically valueless object or record that is widely accepted as a means of payment.
An intrinsically useless object that serves as a medium of exchange.
It has an assigned value only because the government uses its power to enforce the value of a fiat currency or because the exchanging parties agree to its value.
originally posted by: seasonal
a reply to: GBP/JPY
I understood about 1/3 of that.
Bitcoin is trading @ $8,000ish. Am I missing something?