BTC came to 1.618 fib level, crossed it and pulled back to another fib 0.786. Now is the time when it can go both directions. This is probably the end of the 3rd Elliot wave. Now Bitcoin can draw head and shoulders pattern and then go to the bottom line of the ascending chanel. Then we can approach the 5th wave to 5k.
The bad scenario is that this is the end of one another 3rd wave, more global, and the correction can last for months, to probably ~2400.
You can watch some related ideas too.
The bad scenario is that this is the end of one another 3rd wave, more global, and the correction can last for months, to probably ~2400.
You can watch some related ideas too.
