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

30 янв. 2019 г.

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.

31 янв. 2019 г.

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2 февр. 2019 г.

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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.

2 февр. 2019 г.

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7 февр. 2019 г.

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$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.

10 февр. 2019 г.

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