UPDATE: It now looks like WXYX2Z, because the target is lower than 5920:
UPDATE 2: MtGox not selling any BTC anymore^^. News arrive to justify???...
BTC turned bearish which I expected in my last post. The ABC pattern is finished.
Today I want to show you the best case scenario. In the best case scenario, this is the last wave down:
There are a few worse counts than this one, but there is hope for the bulls...
If the drop ends above 5920, it might still be wave 1 and 2 on a bigger scale. If it drops below 5920, the next best alternate would be WXYX2Z.
Let's follow the waves and be patient... stay tuned...
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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
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