tuamen

BTCUSD Weekly Chart on Log Scale

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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The chart speaks for itself and is just my opinion. Looking for intermediate wave (4),blue labels, to correct to the area of minor wave 4(green labels) of one lessor degree between $5000 and $3000, highlighted in yellow, before breaking ATH . Since intermediate wave (2), blue labels, was a ABC Zig-Zag then intermediate wave (4), blue labels, favors an ABC Flat or a Triangle or something other than a Zig-Zag and would be more in line with EW guideline of alternation.
thank u!
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Thanks for sharing tuamen, if resistance at 11k breaks 15k is likely, but personally I dont think we're going to see levels above 11k until this correction is over
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