in this time I update my bitcoin analysis. I mean that triangle correction is more likely instead ZigZag ABC that I presented before.
Both formation are possible, but there was big grow in few days from 3150$, so triangle ABCDE I prefer now. We will see in few hours where is truth.
here is my first article on this website. Above my analysis we are now in 4th wave and looking for end of 4th wave. According trend lines I expect local peak about 4800$.
Reach point of 5200$ is very unlikely by me.
On the next stage after this local peak I am awaiting bottom of long correction C. The bottom will be probably around 2750$.