CryptoMoe81
Short

EW ABCDE Triangle Correction on Bitcoin (#BTC)

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bearish Bitcoin Analysis based on Elliott Wave Count, Fib Time zones and Fib Wedge tools.

The prediction is based on the fact that Bitcoin is still in ABC-Correction of greater degree and the last bottom hasn't been validated yet.

Imo , Wave-A of Grater ABC-Correction is finished and Wave-B is just formed. In more detail, this Wave-B is made up of corrective ABCDE-Triangle. Wave-A is already formed and Wave-B just started.

The goal is to test the last low or create a new one.

If you like my TA, pls . hit that "like" buttom, follow me or leave your comments. Thank you.

Comment: The weakness of this analysis is the top line of channel due to the lack of proper touchpoints.
Comment: The idea is valid until Bitcoin exceeds last high ($5488).
Comment: This TA closed due to current price action. For new updates follow:

Comments

nice fib wedge, never used it
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CryptoMoe81 CyberTraderZ
@CyberTraderZ, thx dude. I'm not so familiar with it yet, but it has already brought me some interesting business opportunities
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