sebastian.seliga.7
Long

Bitcoin #BTCUSD - end of the correction?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
The market has dropped to the level of $9,434, so the green impulsive scenario was invalidated as wave 2 went into the territory of wave 1. The current scenario assumes a top of the wave 1/A at the level of $11,714 and a rather extended in time and price correction in the wave 2/B in form of an ABC Regular Flat pattern. The nearest technical resistance is seen at the level of $10,111 and it the count is correct, the market should now start to develop wave 3/C to the upside.
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It is now underCA, the middle of the M, so the wave should be in downtrend?
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Once everyone realizes this FUD was barely FUD we will finally get our wave 3. Quite a respectable retracement to wave 4 territory the wave count looks quite probable thanks for sharing.
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so it is a good time to buy? Thanks
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VIPIN_IITK Danielkh
@Danielkh, wait , may be it is a bull trap before breaking 9400-9200 support and make a double top
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