Wave 5 of 5 of C of blue wave 2 can end anywhere between 7,300$ and 5,921$ (BITSTAMP chart). But if there is a new low below 5920$, this count will be invalid and the next likely target is gonna be 4,000$-3,700$.

Here are some obvious BTC bearflag fractals, presented without comment:

If you think this to be useful information:


Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.

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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
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