ErwinBeckers

Correction almost done ?

BITFINEX:BTCUSD   Bitcoin
Some people didnt believe a correction was going to happen.
Well here we are, a couple of days later and BTC sure did a nice and healthy correction.
And...It looks like the correction almost done ?
From what i see we're putting in the 4 of the 5 of the C wave.
Logical target for 4 seems to be around the 0.618 fib level which is still above the wave 1 high, so not breaking any Elliott Wave rules.
I Will go long when 4 is done and 5 is starting

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.