uncle_crypto

The Bleed is not Finish - Correction Wave 2 (ABC) Dip to

BITFINEX:BTCUSD   Bitcoin / Dollar
The Bleed is not Finish - Correction Wave 2 ( ABC )

Yes it is on a weekly
Yes, everyone looks on a daily
In theory, timeframe is irrelevant.
As the correction wave ABC , we have not seen B.
Therefore giving consensus that BTC             will have to dip for another candle (week)
For Elliot Wave theory to apply.

Correction Mid Bounce (week) = USD$5000-$5500

As long as ABC correction occurs (weekly time frame) = $3138 Final Bounce before retrenchment.
Kommentar: Note: 2nd Line 'Not weekly' ,.. but monthly >.< oops
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