ElliottWaveStats

BTC-USD (BITSTAMP) 83% ShortTop Probability at 6,630.00

BITSTAMP:BTCUSD   Bitcoin


One classical Elliot Wave possible count is a Contracting Triangle in formation which´d probably be the wave b of B. But my model suggests a deeper correction with 83% Short Top Probability at the current high of 6,630.00 targeting the zone of 5,500-5,360.00.
If that comes true, the count will be the same, but the wave b of B will have a stronger correction. From there it is likely to see a pullback starting the wave c of B.

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