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JjohnsonBeGreat

Bitcoin Correction Ahead Before Big Bullish Wave

Bitcoin (COINBASE:BTCUSD)  
JjohnsonBeGreat Updated   
COINBASE:BTCUSD   Bitcoin
Wave Analysis Chart Patterns Trend Analysis elliottwaveprojection elliotwaveanalysis elliottwaveretracement elliottwavecorrection elliottwaveforecasts elliotwavecount elliotwavesharmonics
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waveanalysis chartpattern trendanalysis elliottwaveprojection elliotwaveanalysis elliottwaveretracement elliottwavecorrection elliottwaveforecasts elliotwavecount elliotwavesharmonics
Bitcoin have formed 5 waves up which signal that we have started a new direction in trend which is a bullish one. However I do expect a big correction to the downside to form a wave 2 before the big bullish wave continue. We are approaching a very strong supply/resistance area on the chart between $11,500-$13,500. Once the bearish correction start I can see it going all the way down to $5.800-$8,500 to complete a wave 2. After the completion of wave 2 I will look for Bitcoin to head higher to create new highs above $20,000
Trade active:
Price is starting to retrace into our targets

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