Bull & Bear view on Bitcoin:
Bull View: Using 5 waves, Bitcoin is in the wave 3 with the target levels around 10,000. This should be traded cautiously with the first target at 100% fib extension giving the levels of 9,750 and the fully realized target at 161.8% at 10,000
Bear View: Using ABC waves, Bitcoin may seem to be at moving along the wave C with the target levels at 8,650
The validation point for the trades remain at the level of 9,100. As long as bitcoin trades above this level, bulls can be considered to stay in control and it suggested to take a long trade. Below 9,100 it is suggested to take a short trade with the given target levels
Bull View: Using 5 waves, Bitcoin is in the wave 3 with the target levels around 10,000. This should be traded cautiously with the first target at 100% fib extension giving the levels of 9,750 and the fully realized target at 161.8% at 10,000
Bear View: Using ABC waves, Bitcoin may seem to be at moving along the wave C with the target levels at 8,650
The validation point for the trades remain at the level of 9,100. As long as bitcoin trades above this level, bulls can be considered to stay in control and it suggested to take a long trade. Below 9,100 it is suggested to take a short trade with the given target levels