A told You so - beware!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar

Downtrend is clearly resumed here. Many will say "lol it's impossible" (my drawing). Okay maybe, this is not prediction, this is one of possible scenarios, after denial @downtrend reddotted line. For me BTC has started dynamical wave 5th in this correction from ATH . It's end in range 3000-5000 will not surprise me at all. Invalidating of the above scenario, after succesful attack on downtrend line - will not surprise me too.

How this bearish scenario can develop further - good example is XEMs case:

Mar 09
Comment: Logarithmic chart:

Mar 09
Comment: Elliot waves:

Mar 09
Comment: Or other possibility EWs:

Mar 12
Comment: bearish engulfing @Weekly chart

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