The final wave of this 7 wave correction has completed with bullish divergence on the 4hr chart and I will be taking my first profit at the .236 fib retracement line of the 7th wave for an 8%+ trade.
I believe this is just the beginning of a larger impulse wave about to run up to $.86 for a 1:1 fib from the last large impulse wave from the beginning of December...
See here how accurate wedges can be in finding targets, use the wedges longest distance and copy that to the tip of the wedge and that gives you your target.
be aware of volume and always wait for confirmations!
BTC is in a wedge and we need to pay attention and watch to see if it breaks to the downside or the upside and target the 1:1 extension of the wedge as shown here!
we have completed wave 4 to a .786 fib level since wave 3 did a 1/1 extension our next target will be a 1/1 @ $2.55 or 26414 satoshi.
chance to gain 13.54%
chance to loose 2.46%
R:R 5.51
