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dfurrer45

BTC B Wave

Long
Bitcoin (BITFINEX:BTCUSD)  
dfurrer45 Updated   
BITFINEX:BTCUSD   Bitcoin
Wave Analysis Chart Patterns
3
0
waveanalysis chartpattern
The Price should correct up to the Bollinger Band middle, forming the B Wave.
Beware after that it is Possible that the Price forms the C Wave and corrects down further.
Comment:
The Pattern has formed.
We might go to or below 16400-16300 when we drop below the Price of around 17281, where we hit before.
Possible scenario is to go over to a 12345 Wave at around 16400-16300
and then continue the correction with an abc correction down to around 15660.
snapshot
Comment:
Because of the RSI I believe a further movement like Possibility 1 is likely.
snapshot
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