SUMMARY
I believe the Bitcoin correction is complete and so all time new highs are dead ahead! The below chart shows a revised Elliott Wave count. The Fibonacci 1.618 level is the next price target and that level is around $6,200 or wave (iii) white. Then wave (iv) white will be traced out and then most likely the final run for the last hurrah to around $7,200 or higher. This level is expected to complete the wave v of V (white).
The hourly chart shows a higher resolution of the projected price pathway. Already Bitcoin price has started impulsing upwards from the wave c (red) bottom. This means, all time new highs are dead ahead.
--
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LefeWrQXumis3MzrsvxHWzpNBAAFDQbB66
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**