CryptoGraffer

Bitcoin corrective wave heading to $8900 / $9300 range

Largo
BITFINEX:BTCUSD   Bitcoin
Good afternoon all my Crypto Trading buddies. Bitcoin just bounced off the bottom of $7250 to confirm the end of the ABC bigger correction. Now it appears to be in a small uptrend. If the count is correct, we could be targeting the $8900 to $9300 range. This would be a 0.618 to 0.786 retracement of the previous 5 wave elliot structure.

Entered Long at $8215

Take profits 1 - $8800
Take profits 2- $9200

The count may change as data flows in. I will update the chart after a new count can be made.

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