BITCOIN, high likelihood of a small correction before reaching 10000 USD again
According to my EW-counts, seems that BTC fits quiet well with the violet 5-wave path I drawn in the following chart:
The Uptrend seems clear but, in my opinion, in order to confirm the Bull market and leave out the Bears, BITCOIN should correct at the current level 8900 USD) and so, complete the 4th wave in order to go further up and reach the 10000 USD again.
It will not be dangerous if BTC do so, actually, main of the BITCOIN correction will correspond to ALTCOIN buys and so the Total Coin Market Capitalization should stay more or less at the same level as today (398bUSD) or something like 10% less... no more than that.
If so, don't panic, it will be just a healthy Correction ;-)
Enjoy Cryptoland!.
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently.
You are learning fast. Circled wave iii might not be done though ;-)
But once it is, this is very accurate. Keep learning...
I’m always learning my friend, that’s the interesting part of this art 😉