ElliottWaveBelgium

[b]Bitcoin - It's just a correction, don't get fooled ![/b]

Kort
BITSTAMP:BTCUSD   Bitcoin
** IT'S NOT AN OPPORTUNITY TO BUY YET !!!!
Price is moving in 5 ways to the downside since the selloff from 6000
Wave 1,3 & 5 will go lower where as waves 2 & 4 will go counter trend and correct a % of the previous move.
Wave 3 is often the extended wave, meaning it's the longest and you should be able to count 5 subwaves inside it.
Once those 5 waves end, we get wave 3, after wich comes a correction higher in wave 4 in a 3 waves manner(abc for example) or a more complexe correction(but still just a correction !).

I'm confident we have those 5 waves down as a wave (3), now price is therefore in a correction higher for wave (4).

After wave (4) ends (should be near 0.382 level ~4500 ideally), look for price to fall a bit further for wave (5) near the 3100 level (or possibly lower)


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Look for ~3000 now
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One more push lower coming hopefully
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Join me on Telegram
t.me/em16trading
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I will post my ideas here for easier access
t.me/em16public
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Sadly my Final 3100 Target was missed by 30dollars !

Now it might be time to go long here.

Don't forget to like, share and follow !

Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public

Thanks !
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