TradingView
rbaile508
May 12, 2018 8:43 PM

Bitcoin Correction - 2 Scenarios. Long

Bitcoin / TetherUSBinance

Description

Hopefully this is the end of the ABC ZigZag Correction and we start the next wave. However if we do see one more leg down making the 5 Waves down then we are only on Wave A of the Corrections. You cannot have a 5 Wave (ABCDE) ZigZag correction so we must assume we have only completed Wave A. Thus we should expect a nice B Wave Bounce which is when you should sell and stay out of bitcoin until a correction around 7000. Hopefully this is not the case but this is a real scenario.
More