BTC/USD - Long Term Outlook
This is my primary outlook for Bitcoin and what I would like to see over the next 6 - 12 months. Given the reaction that we have seen at $42,000 @ the 1.618 extension, I am expecting a mid term correction very similar to what we saw following the failed rally to 
13K in the second half of 2019. Although, following the rule of alternation between the 2nd and 4th wave, I am expecting this correction to be slightly shorter in duration, as well as much shallower - a retracement of 38.2% - 61.8%.
Ideally, the previous ATH in the 20k - 18k region acts as strong support for Bitcoin, to facilitate the next leg higher.
In the short term, Bitcoin is targeting 28k - 26k.
13K in the second half of 2019. Although, following the rule of alternation between the 2nd and 4th wave, I am expecting this correction to be slightly shorter in duration, as well as much shallower - a retracement of 38.2% - 61.8%. Ideally, the previous ATH in the 20k - 18k region acts as strong support for Bitcoin, to facilitate the next leg higher.
In the short term, Bitcoin is targeting 28k - 26k.
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