ravno_108
Short

Bitcoin one more leg down

BITSTAMP:BTCUSD   Bitcoin / Dollar
We had a strong 5 waves drop, which is marked here as "A or 1", then the corrective three waves move.

What should come next is another leg down. After breaking the rising trend line (red colour) the drop should accelerate.
It's typical for the pirce to revisit the broken trend line. In our case it would be approx. 457 and then the decline should continue.
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The move down is still not finished. Around 430 is the first goal.
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It tooks some time for BTC to prepare for this expected move down. Not it should accelerate toward the first goal of around 425
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