ElliottWaveStats

BTC-USD 89.52% Top Probability in 3600/3700 zone

BITSTAMP:BTCUSD   Bitcoin
After this big downfall that, crypto currencies have been suffering last weeks, BTC USD bottomed (at short) at 3,210.00, there it built a tinny up correction of three legs (that seems to be a wxy pattern) topping at 3,633.20. Right there, my algorithm calls to a new top, with 89.52% math chance. The topping process can also be extended to 3,700.00 before being exhausted as a bearish high probability signal.
The TARGET SHELL is set in 2800/2700 zone.

It could be an extension of the wave 5 of C of Y, the pattern at this point shows itself very fuzzy.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.