cdlsrm
Short

Double zig zag corrective pattern

BITSTAMP:BTCUSD   Bitcoin / Dollar
196 3 3
It looks like we are really struggling on the 0.38 fib levels, also I think we are just in a double zig-zag correction and a completion of corrective wave 2. Of course I still see the possibility to reach 0.5 retracement at 260$ but it won't change the outcome.

If my theories are correct we may go to 130$ in the next 1,5 month.

Related Ideas

Kappy PRO
a year ago
I'm in agreement that I think this is still a corrective wave. Which moving average is the thinner one?
Reply
cdlsrm Kappy
a year ago
I use 100 and 50 (thinner) EMA.
Reply
techsavant777
a year ago
I'm going to say the two purple lines in this image agree with you.
snapshot
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