Bitcoin Correction - March 16, 2018

16 Mar 2018

I am new to charting so I could definitely be wrong. :-) Based on my Elliot wave analysis we are completing the 3rd wave of this downtrend. Within the 3rd wave, we are completing wave 4, heading down to $7255. Following will be a bounce (correction wave) that will take us up to $8300 or so. The end of the line in Wave 5 will be $6700-6800.

I hope I explained that well enough to get input, and possibly guidance if I am going about this the wrong way.