BitcoinLong
BTC - Upward correction move
Updated
BTC has completed it's first ever major downwards move, in a wave of 5 (Elliot wave) A to E or 1 to 5.
What we should expect to happen next is BTC to correct with a move up, W,X,Y composed by two advancing waves and one corrective wave.
A total upward move of 50 per cent on the Fibonacci levels is possible 13998 USD
Keep an eye on the MACD indicator.
What we should expect to happen next is BTC to correct with a move up, W,X,Y composed by two advancing waves and one corrective wave.
A total upward move of 50 per cent on the Fibonacci levels is possible 13998 USD
Keep an eye on the MACD indicator.
Note
Looks like we still heading down, the next level is 5K, followed by 2K.We might be looking at a very long bearish correction - 4 to 6 months.
Note
UPDATE - BTC to remain bearish for most of the year, estimating a drop to 5k, and even 2k.The current corrections will continue as a series of zig zag ABC Elliot wave corrections for months to come.
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