zerr0ne

Update: The Bigger Picture (A slightly more bearish version)

BITSTAMP:BTCUSD   Bitcoin
Yes, as we know, Elliot Wave Theory is not an exact science, therefore we always have to consider a multitude of possibilities and possible counts... The one shown in this chart would be the really bearish version of my "The Bigger Picture" chart (linked below). Basically it would bring as to around 5k where we would possibly find at least some support, I still think 3k is not really on the table, but we have to see how things develop when panic, anger, frustration reach a peak...
Penafian

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