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MikiMiki96
Apr 28, 2018 7:47 AM

BTC triangle formation > 8.4k > 9.9k 

Bitcoin / DollarBitfinex

Description

My idea seemed correct from my previous one. It did drop to 8.9k~9k level and picked up again. However, too little increase to make something happen as expected.

What I figured, We finished Elliot wave and it is time for correction wave A,B,C.

A,B will move within this triangle. Meaning we will see a drop again once near 8.9k or little higher than the previous drop.
From here, another very little bounce, preparing for the breakout of triangle formation. The Wave C, I expect, will bring us to 8.5~8.4k region.

Comment

Ok mistake. We already had A,B correction now waiting for Correction C.
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