MonkeyMagic

BTCUSD correction in progress - deja vu?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTCUSD is showing signs of repeating itself with an ABCDE triangle correction.

This correction, if it follows that path, would coincide perfectly with a bounce off the long term resistance (and now support) blue line.

Like before, I think this ABCDE will not make it to E, but will bounce so sharply off the trend line that it will only have completed ABCD which is is acceptable for this type of correction and does not invalidate the count.

Wave 3 of 3 follows this correction.

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