Bitcoin Retracing to $7500 @ The 0.5 Fibonacci Level? Then to $9000 zone??
Looks like we have just finished our 3rd impulse waves up to $8400 zone and now time for healthy pull back before our 5th wave.
I think we'll hit 0.5 Fibonacci level before making our way up to the 5th Wave.
On this next wave i believe (if we have a good amount of volume) may break through the long term trend line that we started from Dec 17 on Bitcoin's decline.
Look at the Yellow Line in chart. This is the higher degree Elliot Wave to the $9000 zone.
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Disclaimer: Vaughn Pierre is not a financial advisor and only is presenting material for educational and entertainment purpses.