while everyone is banking on bitcoin to go down, I on the other hand believe that there is a strong possibility we will go to 13200$ before we continue our down trend. This is purely based on Elliott wave theory with Fibonacci and not factoring in other technicals, moving averages or news .
Target 1: 10,800 $ (pink number 1) strong Fibonacci confluence
target 2: 12,200 $ (pink number 3)
target 3: 13,200 $ (pink number 5) strong Fibonacci confluence
Target 1: 10,800 $ (pink number 1) strong Fibonacci confluence
target 2: 12,200 $ (pink number 3)
target 3: 13,200 $ (pink number 5) strong Fibonacci confluence
Comment:
looks like we hit target 1 at 10,800 the pink 1. now we have a good correction/retracement. It looks like a good buy right now and our next target is 12,200, which is the pink 3. hope you guys are riding the waves ;)