Globally Bitcoin is in correction phrase. According to the past Consensus conferences Bitcoin price grow up +23% (2015), +10% (2016) and +69%(2017) during 1 week right after conferences took place. Not sure how Consensus will be effect on Bitcoin price today. Please share your thoughts.
Bitcoin could not hold above 8652, accordingly, we are still in the correction zone. 12h timeframe confirms that the correction is not broken. I expect that the correction will be down to 7700-7800 (the end of wave C).
Based on Elliott wave analysis - we are at the beginning of the 3rd pulse wave. If we pass level 1.50 usd - it will add more confidence that we are exactly on the 3rd wave and you can buy a coin. It is supposed to rise to at the 1.168 FIB level of the first wave, i.e. in the area of 2.00 usd.
Profit plan to fix at the peak of the 3rd wave ( the level at 1.618...