EM16
Short

[b]Bitcoin - It's just a correction, don't get fooled ![/b]

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
** IT'S NOT AN OPPORTUNITY TO BUY YET !!!!
Price is moving in 5 ways to the downside since the selloff from 6000
Wave 1,3 & 5 will go lower where as waves 2 & 4 will go counter trend and correct a % of the previous move.
Wave 3 is often the extended wave, meaning it's the longest and you should be able to count 5 subwaves inside it.
Once those 5 waves end, we get wave 3, after wich comes a correction higher in wave 4 in a 3 waves manner( abc for example) or a more complexe correction(but still just a correction !).

I'm confident we have those 5 waves down as a wave (3), now price is therefore in a correction higher for wave (4).

After wave (4) ends (should be near 0.382 level ~4500 ideally), look for price to fall a bit further for wave (5) near the 3100 level (or possibly lower)


Comment: Look for ~3000 now
Comment: One more push lower coming hopefully
Comment: Join me on Telegram
https://t.me/em16trading
Comment: I will post my ideas here for easier access
https://t.me/em16public
Comment: Sadly my Final 3100 Target was missed by 30dollars !

Now it might be time to go long here.
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