nick.joelson

BTC - Eliott Waves Say Bottom is not yet in

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
The impulse of yesterdays bottom did not appear that strong which makes me think that this correction is not over yet. After some careful wave counting, and assuming the correction is taking a standard zig zig correction, there appears to be one final wave down to be completed. Whilst this may sound depressing for anyone heavily invested and underwater right now, this final wave will lack the force of the previous ones. We should be looking at a similar bottom to the last, give or take a few hundred bucks. Hope this helps with some extra awareness.
IF IT IS IT WILL GO TO 5K NOW..
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