BITCOIN ($XBT): ABCDE PATTERN WILL LEAD US BELOW $3000

Jan 30, 2019

Hello Guys,

My theory based on EW count - Bitocoin has already finished corrective ABCDE pattern and further downward trend began.

First retracement is expected between $3300 - $3200.

Jan 31, 2019

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Feb 2, 2019

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Finally, corrective Wave-2 takes more time and it will be more complex. So, I will not be surprised if we see fakeout to $3500 mark.

Idea remains the same = drop below $3300.

Feb 2, 2019

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Feb 7, 2019

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$3250 is an area I'm eyeing to complete current corrective Wave-B and then should Bitcoin should take us above $4000 as a motive Wave-C of current ABC correction. Current pattern looks like Ending Diagonal.

Feb 10, 2019

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Based of current price action, my count had to be revised.
Continuation of this idea is available here: