I therefore use today to do some analyses and I start to like Bitcoin . This is due to the simple fact that we are getting more and more historical data.
The data feed is not showing all data but Bitcoin made a strong impulse towards 1200 before it made a major correction. Short term I like to see wave (iv) end before we see another minor impulse higher for wave (v) which should complete wave 5. Once that wave 5 is over I see Bitcoin moving lower for a correction of larger degree.
There is another scenario where price is currently unfolding in the shape of a wave B of wave 4. This can expand above the high of wave 3 or can reverse out of the current levels.
Personally I see Bitcoin as a long term investment and I am therefore waiting for the correction so I can buy Bitcoin long term from lower levels.