We recently completed 5-3-5 zig-zag correction (ABC). imgur.com/a/joQsa Bitcoin tried to start a new impulse wave, but failed (X) and will likely drop more. We get a target buy zone between 12300 and 14000 using a 1 and 0.5 Extensions from the ABC zig-zag. With a 0.618 Fibonacci retracement of wave 3, we a get buy target of 12950.
The price of Bitcoin may go below 12950 down to 12300 at most, but should bounce up quickly if it reaches that level. However, Bitcoin will unlikely reach those levels with so much buying pressure; those targets are just worse case scenario.
The correction may take some time, but be patient, because wave 5 should go up a minimal of 3000. We are still in a uptrend, so wave 5 will likely exceed wave 3. We could possibly reach target of 20000!
The price of Bitcoin may go below 12950 down to 12300 at most, but should bounce up quickly if it reaches that level. However, Bitcoin will unlikely reach those levels with so much buying pressure; those targets are just worse case scenario.
The correction may take some time, but be patient, because wave 5 should go up a minimal of 3000. We are still in a uptrend, so wave 5 will likely exceed wave 3. We could possibly reach target of 20000!
评论:
16:27 Dec 9, The time hast come. The corrections are almost done. Off to 20k we go!!
