BTCUSD - Short Setup for a correction.

BITSTAMP:BTCUSD   Bitcoin / Dollar
637 3
There correction is not finished yet for Bitcoin . In Elliott Wave Land: Wave 1 is to be retraced at least 61.8%. This has not happened yet.

I do see an A-B correction so far with B wave being an expanded wave.

The move up on the B wave does not look impulsive! (Its choppy as hell!)

USD is not about to crash. (Yet)

I think Bitcoin will have its day but these things take time.

On a final note: Why would the correction be just as long (in relation to length of time) as the impulsive move? Anyway you can decide but decide with emotions set aside.
Kommentar: Breaking News: SEC Shoots down ETF bid.
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RobinBu StuddMuffin
@StudMuffin, never ever
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