Da-One

BTC to finish Elliott wave C correction

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
After the 1-2-3-4-5 Elliott Impulse Wave, BTC is in the C wave of Elliot Correction wave pattern. BTC will go more down to 12800-13200 support zone . This idea is also supported by the inverted cup and handle pattern.
If BTC breaks the triangle up, wave C might not finish completely, but this is not likely to happen. I'm expecting breaking down. You can short after the break down for a quick scalp and long in the support zone , after uptrend confirmation.
Comment: Buy zone hit. Buy now or wait for trend reversal confirmation.
where is the upper target resistance? 17k?
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Da-One robotcu27
@robotcu27, yes 17k, then 20k is major resistance
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