Bitcoin (BTC): Where Could the Correction Bottom Be?

BITMEX:XBT   Bitcoin / U.S. Dollar Index
The fractal nature of the symmetrical triangle breakdown is uncanny. I believe the current correction is nearing its terminal phase given that red C of the ABC sequence likely has one more lower low.
The correction bottom likely has strong affinity towards the 0.618 Fib level and thus a range of $7,227 to $6,800 would be the projected range.

In line with the fractal , wave v could complete as a downward wedge pattern; also called an Ending Diagonal in Elliott Wave jargon.

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Little more down length 5= length of 1: BUT I m Expecting Triple 3 because enough downside left in weekly and monthly
+1 Reply
Amjadsid Amjadsid
@Amjadsid, end with a Triangle :)
Very good call from October. wave 5 could have been your falling wedge
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