CryptoMoe81
Short

BITCOIN ($XBT): ABCDE PATTERN WILL LEAD US BELOW $3000

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Hello Guys,

My theory based on EW count - Bitocoin has already finished corrective ABCDE pattern and further downward trend began.

First retracement is expected between $3300 - $3200.

Comment:
Comment: Finally, corrective Wave-2 takes more time and it will be more complex. So, I will not be surprised if we see fakeout to $3500 mark.

Idea remains the same = drop below $3300.
Comment:
Comment: $3250 is an area I'm eyeing to complete current corrective Wave-B and then should Bitcoin should take us above $4000 as a motive Wave-C of current ABC correction. Current pattern looks like Ending Diagonal.

Comment: Based of current price action, my count had to be revised.
Continuation of this idea is available here:
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