Bitcoin ABC Correction Still Possible!
As you can see from the previous bull market that we corrected in a massive ABC pattern with a 1:1 extension of the A wave to the C which led to it being hit and then a true capitulation wick followed! I expect the same for again! The 1:1 extension of our current A wave to the C would put us at around 2200 USD with a true capitulation wick of the same percentage of the 2014 Bear market at around 1800 USD! This would mean the 200 weekly support failing and a test of the new 400MA and 450MA!
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