BTCUSD 240 - Bearish Elliott Wave Scenario

4 feb 2016

This is an alternate count for my previous BTCUSD post. It's the bearish scenario basically. In this scenario the downside targets are 331.98 and 294.64.

5 feb 2016

Nota

Forgot to mention that the count invalidates if 407.20 high has a breakout. Then the bullish scenario from before would be in play and you can look for shorts after the [B] high gets tested. I still think overall Bitcoin is bearish and setting up for a test of $320 or lower.