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ryanman0

Bitcoin is at an interesting Area

Bitcoin (BITSTAMP:BTCUSD)  
ryanman0 Updated   
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns
11
4
trendanalysis chartpattern
The pattern seems to match Elliot Wave Theory with a very powerful wave C and a very powerful wave C (of an ABC correction wave). With the downward channels also in play and heavy support around 3-5k, this area seems very, very interesting to me. I am not sure what will happen next.
Comment:
correcting typo = should have been a "3"

The pattern seems to match Elliot Wave Theory with a very powerful wave 3 and a very powerful wave C (of an ABC correction wave).
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