eliliving

Bitcoin (BTC): Healthy Correction

eliliving Updated   
COINBASE:BTCUSD   Bitcoin
This might look a bit messy, but what I have here is called a "flat". It's a correction that consists of three major waves (ABC) (in the pink). Each wave has a number of sub waves. Wave A containing three sub waves (as shown, A B C in the orange going DOWN), Wave B containing three sub waves (as shown, A B C in the orange going UP), and Wave C containing 5 sub waves (as shown, 1 2 3 4 5 in blue going down). Even if the final wave dips a little lower, it's still a healthy correction.
Comment:
Looks like the last wave will dip a little lower.
Comment:
So I did not realize this until now, but there's a shoulder pattern within a shoulder pattern. I believe we are done with the correction. I will publish my next idea very soon.
Comment:
New idea on Bitcoin from me is up, check it out!
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