BTC/USD (Bitfinex)
Currently we are in what appears to be an ABC Correction following a wave 1 impulse form $6000; personal target buy zones are in the $8900 region; looking at the renowned .5 fib (Wave 2's have a love-hate relationship with this fib line) as well as the 200 day Moving Average (which we have pierced already.)
Correction done; vote yay or nay?
It is likely that BTC is going to take an extended correction (IMO). We could have merely completed the 5 waves down of a 5-3-5 zigzag to $6000. Whether the correction has come to an end or merely just begun; we are due some upside; possibly in an ABC upwards.
Everyone's eye is on the Inverse H/S; target 16950.
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