lady_luck
Short

Correction before bullish outlook

BITSTAMP:BTCUSD   Bitcoin / Dollar
407 1 2
Whether or not PA is a wave d or part of an advance wave (i).
A correction to fib .5 is expected.

On the hourly watching currently 432 as the support level preceding this coming decline.
If not, SL at 442.

Also, as the weekly macd and momentum are indicating a potential deeper correction, watch carefully.
If PA fall below 390, this triangle could be invalidated and a retrace down to ,618 of wave 3 ($350-$315) would be likely.
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