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iverwl

Bitcoin short term: Leading diagonal -start of downtrend

Short
Bitcoin (BITSTAMP:BTCUSD)  
iverwl Updated   
BITSTAMP:BTCUSD   Bitcoin
Wave Analysis BTC BTCUSD
1
0
waveanalysis btc btcusd
Looks to me like the correction to the upside has finished for now and we have started a leading diagonal to start us on the new trend down. Look for one more leg down to the 5th of the leading diagonal before a correction to the upside, which gives us the wave 2 of the new trend down.

Not trading advice, purely educational EW.

No price targets in chart.
Comment:
Progressing nicely:
snapshot
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