Benbybear

Possible Elliott wave 3rd wave development

BITSTAMP:BTCUSD   Bitcoin / Dollar
Need volume ..., possible 3rd wave and 4th wave lines.
Kommentar: I was quite optimistic with the 3rd wave but unfortunately the 2nd subwave retraced to 0.786 fib and the 3rd subwave do not extend at least 1-to-1. Thus the impulse 3rd wave did failed. See below:
snapshot
Kommentar: Overall, it looks like BTC is still correcting. Having said that, I still expect a small slightly bullish trend to ~8800 levels before bouncing down again.
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