Disclosure: I have a long position in BTC / USD (long-term)
We had a wave (composed of 5 smaller waves) that brought BTC from $6,000 to $11,750.
This was followed by a 5,3,5 corrective pattern. I think the correction is now over and BTC will resume it's up-trend.
However, to have more assurance about this, we should wait for the MACD to cross.
Legal Disclaimer: I am not a financial advisor. This article is only meant for use as informative or entertainment purposes. It is not a recommendation to buy or sell anything.