Corrective waves are bitches, ain't they? They take most of your profit if you get in at the wrong time. As I mentioned in my previous analysis, Bitcoin is on a bull run. Me personally, I trade long term so I like trading everything above minor waves. We are in wave 2 of 1 of 3. The correction is not over yet. It looks like a double zigzag is still in play. If you are still in the trade and are in the loss, HODL. If you are currently waiting for a buy signal, I would wait till it hits $8,700 if you are an aggressive trader. Conservative traders can wait until it crosses the previous high at $9,174.
Remember, my wave targets and channels are estimate target levels and are based on Fibonacci and Elliot Wave Principles. They are subject to possible adjustments. Timeframe was not taken into consideration when projecting targets.
DISCLAIMER: THIS IS NOT PROFESSIONAL ADVICE BUT MY PERSONAL REFLECTION OF THE MARKET.
Remember, my wave targets and channels are estimate target levels and are based on Fibonacci and Elliot Wave Principles. They are subject to possible adjustments. Timeframe was not taken into consideration when projecting targets.
DISCLAIMER: THIS IS NOT PROFESSIONAL ADVICE BUT MY PERSONAL REFLECTION OF THE MARKET.