c_c

Elliott wave & Fibonacci analysis (attempt) + Falling wedge

Long
BITFINEX:BTCUSD   Bitcoin
Hi all,
this is an update of my previous post (see link below).
As predicted, BTCUSD hit the 0.382 Fibonacci retracement of the 3rd Elliott wave pretty much on point and the 4th Elliott wave should be completed (supported by indicators such as RSI).
Moreover, BTCUSD is about to break (broke) out of the falling wedge and in my opinion the next mid-term target should be (at least) 9k to complete the Fibonacci waves.



* Note that I am using the Log-scale.

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