vballkool

Expecting correction in Bitcoin

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin seems to be forming an A-B-C corrective pattern if my Wave Count is correct. This would mean an intial target below the A wave...to around 1800 to 2600 for C wave (in a 5 wave move down). I expect this to be an extended correction of the 4+ year Bull run Bitcoin has been on...so we COULD eventually go lower then 1800 in near future (For Ellioticians....this correction Im looking at is a Wave 2 of Bigger scale...so correction could be anywhere between 61 to 76% correction of the entire 4+ year Bull run).
If Bitcoin gets above 4400....I will reevaluate. Risk Reward is extremely good right now.
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