Bitcoin (BTC): Potential Wave 3 Targets

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Usually, wave 3 extends 1.618 of wave 1; however, Cryptos often take price swings to the extreme, especially on an impulse. So, if the extension is 4.618; that gives a $53k potential target.
The current correction is likely to tag the 0.618 Fib level and that stands at around $7,227 and jives with the level of the lower white trendline.

Everyday, I release a 10 minute video analysis of Bitcoin on Haejin.com, weekends and holidays too as cryptos never sleep. The video contains a primary and alternate counts of ELliott Waves , Patterns and at times Cycles.
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Great to see ya posts here. Been following you from Steemit, bitcoin.live and your web site from the day you launched it. You are one of the best of the best. Keep up the great work you do for the community. Thank you.
Well said Haejin, I was puzzled on this Elliot count after we broke down in the past week, if it were a 2 wave down or 3 wave after a 3 month consolidation...I was just seeing a good buy approaching on the 2 day MACD, and 1 week STOCHS...which are about to turn so that would of made 1 more lower level potentially into the 7k's area if it were to go lower before reversing
Thank you Haejing for an excellent Technical Analysis. YOU ARE A GREAT ELLIOTTICIAN!!!
Awesome as always, thanks :)
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