BTCUSDT ABC Correction Thoughts

١٦ مايو ٢٠١٨

I am pretty new to EW and general technical analysis, but I am seeing this pattern to drop BTC to the $7800 - $8000 range then bounce to the $11000 - $11200 range. This coincides with a support that spans from last year and then a potential double bottom. I have tested this on several exchanges and it seems to duplicate well.

Constructive criticism always appreciated.