BITSTAMP:BTCUSD elliot wave analysis

٢٢ ديسمبر ٢٠١٣

According to EW, we are making an ABC correction. Wave A, which consist of impulse 1-2-3-4-5 has been done. Now we are in wave B, which consist of zig-zag a-b-c. Targets for this are 770 and 865. After that we will see a wave C, wich will consist of 5 waves: 1-2-3-4-5 (impulse) with targets 350-450