BTC is currently rallying to wave 3 on the 1hr chart. On the chart, wave 2 hit bottom at 7155 at the .382 levels and is currently rallying to wave 3 which might be around 8900USD. Wave 4 is expected to retrace between 7,900-8,200 USD before completing its wave 5 around 9000-9400 USD which is at 618 fib level of the previous ATH.
I took a trade at 7400 USD.
Targets: 1) 8900 USD 2) 9000-9400 USD
It is expected to retrace after wave 5.
Trade with caution!
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The expected Elliott Wave might have been cancelled since wave 4 went into wave 1's zone.