CryptoFactor

Bitcoin - Predicting this current correction.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Ok guys, I'll give this a go.

I'm expecting this correction to form an expanding or contracting flat.

We are due a shake out/profit-take here hence the rise before the big corrective impulse down. The structure of a large flat makes perfect sense to me.

I hope we can then continue on our way up towards 20k but let's see. I've marked it on the chart to show my bias, but as always wait for confirmation before taking any setup.

The arrows are only a Bias and not an exact path, but lets see...
Trade active: Not bad, I did say the arrows were not an exact science... pretty close though huh?
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