I think BTCUSD just finished its Wave C correction of the Wave 2. RSI in oversold territory and confirms a bottom. I think we go up from here and start Wave 3.
Komen
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I think we started Wave (3). So the target could be 21,000.-.
Another point that makes me believe (C) is finished. Wave (A) went from 16,480 to 1,3170 => 3,310 points, so as per the ABC regular flat (B) to (C) should be equal to 3,310. Wave (B) started at 15,124 - 3,310 = 11,814. The low was (so far :-) ) 11,682.
tcairus
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I am just posting my own analysis for other to comment and build on their comments to see what they think of my Wave counts and potentially see alternative directions.
tcairus
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Wave 3 target is 19,000/20,000
obzerv
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@tcairus, People have been saying this for a week now. What makes your God the one true God?