BTC Bearish Scenario - We have just completed a B wave upwards. - We are currently in the C wave. - Likely bottom between $8252 - $8032 - This will trigger the start of wave 3 which could hit between $9998 - $11138 depending on the market sentiment.
BTC Bullish Scenario - We are currently in correction from sub wave 1, of wave 1. - Likely to hit the 0.886 with a 4 hr Stoch-RSI reset. -If this scenario plays out, a target could be around $9080-$9500 depending on market sentiment.
$8300 (possible) Target: $8200 (likely) $7600 (less likely)
BTC has completed wave 1 in a form of a leading first wave diagonal. Consequently, a small retracement will be in play to the likely range of $10.7k. If this range holds we could see BTC instantly begin shooting up towards the $13k ranges.
Ascending triangle potential breakout targeting around 68% growth.
Target 1 - $1800 Target 2 - $2650
BTC has completed 5 waves up and is therefore, retracing and correcting. I believe there are two likely scenarios for BTC: A retracement to $9k (0.5 fib level). Or more likely, a retracement to $8.2k where strong support is found, as well as the retracement hitting 0.618, 'the golden zone'. However, as traders we must be prepared for any possible scenario, so...
Bitcoin has completed its 5 wave Elliot wave structure, therefore, a retracement is taking place. A likley target will be around $9400.
Elliot wave count.
ETC has potential to moon, due to the current bull run, third wave approaching and the Castillo airdrop on March 5th.