Bitcoin gold has been putting in a large rising triangle pattern after an initial run. The initial pop can be considered wave 1 of an Elliot wave cycle. Extended fifth wave naturally resulted in a large retracement. Wave 2 appears to be coming to an end after putting in an ABCDE correction. This appears very bullish and is likely setting up for a massive run. The target is a measured move using the base of the triangle, not fib extensions. Keeping in mind that the third Elliot wave is often the longest, a higher target is possible.