BTC correction under way: 17.6k or 17.4k most likely targets

Follow up to my Big Picture for Bitcoin (click).

We got so close to the magical 20k level, but fell short.
Now we look to be in an Elliott ABC correction under way.
Just hit a Genesis fib at $18,509, reaction to be observed.

Bulls can deny the C wave by holding 18.5k.
Bears can accelerate C by getting below 18.0k.
Bulls should be prepared for 17.6 or 17.4k bounce.


Previous Analysis:

Comment:

Moment of Truth

Comment:

If this ABC is to play out

we should see next violent leg down soon

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Comment:

ABC still in Play

If EW is to play out on the microscopic scale,

this should be a pretty strong leg down.

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