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UnknownUnicorn384398
Mar 4, 2017 9:11 AM

BTCUSD - Short Setup for a correction. Short

Bitcoin / U.S. dollarBitstamp

Description

There correction is not finished yet for Bitcoin . In Elliott Wave Land: Wave 1 is to be retraced at least 61.8%. This has not happened yet.

I do see an A-B correction so far with B wave being an expanded wave.

The move up on the B wave does not look impulsive! (Its choppy as hell!)

USD is not about to crash. (Yet)

I think Bitcoin will have its day but these things take time.

On a final note: Why would the correction be just as long (in relation to length of time) as the impulsive move? Anyway you can decide but decide with emotions set aside.

Comment

Breaking News: SEC Shoots down ETF bid.
Comments
StuddMuffin
$12?
RobinBu
@studMuffin, never ever
^^
gencdahi
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