#BTC Continuation of downtrend

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Just a quick play with the Elliot Wave tools.

I'm thinking that we could be in the midst of an ABC correction before resuming the downtrend.
Order cancelled: So Bitcoin busted out to the upside. I still don't think we're out the woods as on the 4 hour, I could see a price pathway that climbs to c8500 before one final 5 wave descent. Time will tell.
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