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Kappy
Feb 4, 2015 2:57 PM

Bitcoin Zigzag Correction UPDATE Short

Bitcoin / U.S. dollarBitstamp

Description

Intermediate-term still expecting a lower low to mark the bottom of the largest degree wave II (see The Historic Rise of Bitcoin chart linked below).

My primary count is a double zigzag W-X-Y. Alternately this could be viewed as a large A-B-C zigzag.

However, both count best with a final 5 wave decline unfolding.

Short-term count (BITFINEX) to follow...
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