In the last few weeks bitcoin gave me a very hard time, but with the breakout above 12000$ this uncertainty came to an end. The long forecasted drop to 8200$ will have to wait, the big ABC correction will follow after this bullrun to 13500$! The complete elliot wave structure since the bottom @9890$ can be seen on the chart.
Right now i am forecasting a slight correction (Wave 4) to approximately 11800$-11500$!
When the time will be right i will announce a long entry and we all can gain the last 10%-15% of this uptrend.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.