Bitcoin 1st Target of $32k using Fibonacci & Elliot Wave

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Since crossing 20k, Bitcoin has entered fresh territory, leaving no Price Action or Sell Zones to the left that we can work with. Zooming out to the Monthly Time frame and putting a Fib on, may give us a clue where Bitcoin is trying to reach. The 1.618 is a common target zone and looks like we may currently be in Wave 3 of the Elliot 5 Wave Principle. Im still studying Fibonacci & Elliot Wave analysis so may be way off but this does seem to make some sense on the Monthly Time Frame


Target Hit