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Djappa

BTC Zigzag correction to 5.2K?

Short
Bitcoin (BITSTAMP:BTCUSD)  
Djappa Updated   
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Wave Analysis
8
7
trendanalysis waveanalysis
The last upward cycle lacked volume to be a convincing reversal, thus a leg lower is expected, resulting in a corrective zigzag (5-3-5) we currenctly notice. Wave A of this Zigzag correction is almost done, further possible pathway in graph. We might notice a nice bounce (wave B) around 6.8K

PS: For your entertainment only.

Happy trading,
Djappa
Comment:
Adding microcount of WAVE A:
snapshot
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