Grey_trader
Long

Bitcoin correction, the end is near

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
In the light of my research on the correction developed on bitcoin , I gather the end of this correction is near. My research is based on the Elliot Wave , WXYXZ wave correction. Please see the processes I've sighted on below.

1. The W wave started with Flat correction
2. The First X was developed with Flat correction as well.
3. Y Correction was developed with Zigzag correction wave
4. The second X wave was developed simple ABC correction
5. The last correction, Z wave is now being unfolded. If 8250 USD in 4 hours charts is not broken down closed. I will see this WXYWZ pattern is in validation.

The end is near.

Oct 19
Order cancelled: Wrongly analyzed. reverted back to WXY correction patterns
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