Just an Update on big daddy BTC. We are experiencing a 5-3-5 (Zig zag) styled ABC correction at the moment. with major support at 8400 USD price. I'm expecting wave 3 to find support at 8700 with a bounce up to 8950-9000 price region. then we will make the last 5th wave down to 8400 USD.
I will update this Idea later with a chart as to why 16000 USD will be our next target when BTC finishes the correction.