MtICHI

bitcoin is upward for a while but its final target is12500

BITSTAMP:BTCUSD   Bitcoin
we are now in correction phase and a wolfe wave pattern is seen indicating another bearish move will be initiate sooner or later.we are in wave 4 to complete and then going for wave 5 with its target for 12500 which is 100 percent fib. expansion of distance of wave A to B of wave 4 on the weekly timeframe .
we have done this analysis based on wave theory and price action and ichimikou
please see my previous analysis as belwo
if you have any comments please share
regards
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