ElliottWaveStats

BTC-USD still has a 94% Top probability at the current levels

ElliottWaveStats Updated   
BITSTAMP:BTCUSD   Bitcoin
My vias still mark a strong Top Technical Probability at the current maximum of 6,841.81 there would be the end of the abc correction.
A new impulsive bearish movement ´d be ahead taking prices down to the zone of 5,200 at first. (notice the TARGETSHELL has moved up from the previous report 4,919/4,783).
Only a strong bull breakout that put the Technical chance upside down could take prices upward keep going the abc correction taking it higher (but it would still be a correction and not a Tendency Change).
Comment:
Prices moving down as expected, no bounce signal detected yet.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.