Expanded Flat on Bitcoin?

I've been looking for a major correction on Bitcoin for a few weeks now but each time I get into a short trade price comes back up to take me out for zero. Still I soldier on, this correction will happen, it's just a matter of timing. Once again price is pushing lower but this time I'll not get involved until I see a break of the major trend line. At the moment we could be looking at an expanded flat so price could push higher once it's complete.

I'll update my ideas as they develop
First rule of trading - Protect you capital

Any one trying to learn Elliott Wave Theory can find a FREE comprehensive Building Blocks video course on my website. See my profile for the link.

You can also follow updates via twitter (link from my TV profile)

Always wait for an entry set up before risking your money.

This is not investment advice - it is purely for educational and discussion purposes.
Your Ideas, comments and questions welcome

Good luck Steve Nixon

Kommentar:

We had a nice 50% correction of the previous 5th wave up. Price is back at the top of price range and now I'm looking for a deeper corrective C wave