Bitcoin seems to be forming an A-B-C corrective pattern if my Wave Count is correct. This would mean an intial target below the A wave...to around 1800 to 2600 for C wave (in a 5 wave move down). I expect this to be an extended correction of the 4+ year Bull run Bitcoin has been on...so we COULD eventually go lower then 1800 in near future (For Ellioticians....this correction Im looking at is a Wave 2 of Bigger scale...so correction could be anywhere between 61 to 76% correction of the entire 4+ year Bull run).
If Bitcoin gets above 4400....I will reevaluate. Risk Reward is extremely good right now.
If Bitcoin gets above 4400....I will reevaluate. Risk Reward is extremely good right now.