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RE: BTC - Correction in progress - Possibilities
Interesting. It's already stabilised at the 16500 USD levels while Bitcoin Cash has fallen through to around 3300. What would also be interesting to see is whether the smaller Altcoins rise or if they also take a hit along with BTC.
Much money was withdrawn everywhere so it could take part in the BCH run... Bitcoin suffered a major setback this night due to the addition to coinbase - this was of course deliberate and placed at the exact time when BTC was struggling with a correction - well-timed for no other reason but to bring down the market and earn some easy money, plus "take over bitcoin the brand" (Litecoin is the better bitcoin cash).
There's after all the dedicated interests of whales around Roger Ver and his fellow psychopaths, the Chinese miners in this play. So much for the assumption that every day news have nothing to do with market corrections, and that they only explain what Elliott Waves predicted.
One could even guess at a deliberate attempt to destroy bitcoin, by first torpedoing the Segwit2 fork in the interest of raising BCH, so that we have two bitcoins with equally 'low' prices, and eventually Wall Street can enter low and then dominate both.
This is what's going on, the timing was perfect, the whale money coming from Asian exchanges no doubt while most of the West was asleep or getting prepared for the night.
Bitcoin can only recover once they wake up, see the low price and buy in.
So, this as an explanation on what's actually going on - no reason to get excited, only humins playing their silly games.