cryptotargets

BTC Analysis 3 Elliott Waves on play.

Long
BITFINEX:BTCUSD   Bitcoin
Would like to share my idea with you, not financial advice.
This scenario are going very close to the waves I was following since weeks ago. We can see already wave 1 finished and wave 2 seems to be consolidating beggining of wave 3 (the bigger one).

But think this is not the bottom zone if you are going long, wait till correction, that should take us till 1800$-2200$ area. Next correction will be bigger than a normal ABC correction ( since this looks like rising wedge pattern. )

My target 1 will be 4.645 $ and the second one will be 4.960 $, then big drop will shake weak hands.

Peace and Love.
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