BTC correction down.

Second attempt.
Here again we have:
1) 5 waves down
2) broken trend line

The most probable direction now is down.

SL is around 555 (BITSTAMP)
Profit area 505 - 510

Comment:

The decline should continue from here.
Could be we are moving down from the following triangle:

Trade closed: stop reached:

No luck this time, stopped out.

Waiting for the next Elliott Waves setup.