Ksandvold

BTC to 8k > 10k

BITFINEX:BTCUSD   Bitcoin
Assuming BTC has competed its five wave cycle from 7.2k we can reasonably also assume that we are in the process of completing our ABC consolidation as shown. It is then very likely we will bounce the .618 fib level give that it is the golden pocket, and the fact that much support can be found in the area. Once we bounce the .618, we can conservatively target a 1to1 extension of wave one (or larger).

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