BTCUSD is potentially still in the midst of Wave 3. The price was clearly supported by 200 SMA in 4 hour chart. Wave iii of Wave 3 is short, therefore there could be a chance that wave v is extended. If the Wave v of Wave 3 is extended, it could reach around $12,000 - 13,000 range. I consider this good risk/reward trade (I already entered around $9700). Let's watch how the price behaves.
[BTCUSD 4 hours chart]
Also posted on tradingview.
https://www.tradingview.com/chart/BTCUSD/kvZKrrQX-BTCUSD-further-upside-potential/
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