Bitcoin (BTC) - Elliott count revealed - next target exactly 7600$

It's been a while since Bitcoin nailed exactly my predicted target of 7250$ at my last post.

Bitcoin (BTC) is going to correct a little bit further or preparing for a break out, buy zones and break out zone

Since then it's look like a lot of people are confused and can't find a proper waves count. It's obviously that this correction last longer than usual so that helped me to realize that we are in WXY correction.

So there is two possible counts of the Y wave for now.

Count 1: Target 7600$ - Downtrend line, End of Y, C and Wave 5 (1.618 Fibo) - The count look valid but is very unproportional to W Wave so I'm very reserved to this count.

Count 2: Target 6800-7250$ (more precise price prediction will be possible after the completion of the A and B Waves ) - This count look valid and it's proportional to W Wave.

In both cases 7600$ is a very good buy zone for consideration. If Count 1 come in play then here will starts the next 5 impulse Waves up, if the Count 2 come in play here will start the B Wave.

An WXYXZ (6000$ scenario) correction is also possible but there is no signs for it now, follow me if you want to be informed about the possible movements of BTC I will update the count as soon as more DATA is available.

Legal Disclaimer: This blog post and the materials in it are for informational purposes only. I'm not an financial advisor. This is only my opinion. It is not advice or recommendation to buy or sell according to provided information about the price movements and I am not liable for any pecuniary damages!