RogueDave

Elliott Wave Analysis - Possible BTC Correction Path & Target(s)

BITSTAMP:BTCUSD   Bitcoin / Dollar
Various Elliot Wave counts have a high probability that Wave III             completed just short of the 3000 level. After the completion of a major leg, a correction ensues to retrace a portion of the entire move. The correction can form various patterns, though a Zig-Zag or A-B-C correction is a high probability. Wave A corrected from 2980 to 2121. Wave B countered retracing back up to 2789. The Wave C correction should equal at least the full distance of Wave A. 2980-2121=859. Subtracting 859 from the B Wave high at 2789, results in a target of 1930, which also approximates a 38.2% retracement of the entire Wave III             rise. The Wave C correction could extend to 1.618 of Wave, but this is a lower probability. Breaking key support near 2460, puts the Wave A low of 2121 as an initial target. Then a bounce before the target 1900-1930 levels are in play.
according to MACD rate view between 200 day's.
Bitcoin free fall for almost 10 day's ago.


yesterday MACD it's still at 100 and now it's around 70 and isn't close yet.
my resistance will be at 0


Hope your prediction is true around 1800 dollar it the best enter for bitcoin
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