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BTCUSD - Mid Day Outlook

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Bitcoin (CAPITALCOM:BTCUSD)  
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CAPITALCOM:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Wave Analysis bitcoinforecast Fibonacci Extension flatpattern
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trendanalysis chartpattern waveanalysis bitcoinforecast fibonacciextension flatpattern
Looks like we are dealing with some type of Flat Correction. Leg C has printed at the 1.115% Fobonacci Extension and now is pulling back. However caution should be given as Bitcoin is in a very deceptive corrective pattern. We could end up with a much deeper Expanded Flat. Overall Bias remains Bearish.

Good Luck and Safe Trading!
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