A choppy ride to 7.5k over the next week or two
Initially I was going for 6.4k to the bitcoin gold fork then a 30-40% correction but that just didn't sit will with me so I've extended this fifth wave inline with the third extended wave which takes us to 7.5k, hitting the top of that trendline and coinciding with bitfinex cutting off USA dealings and possible events/complications with the next bitcoin hardfork... After 7.5k and then a 3-4wk 30-40% correction the rockets will switch full thrust 10-20k into early 2018... at which point we'll have the biggest correction we've ever had and the bear market will be upon us, when the amazons and googles of the crypto revolution can start to shine through
Commentaire:
Current price action worrying. Margin long closed and exposure reduced... I expected chopy but i expected upside to 6.4k before some more down chop
6.4k was hopefully the bottom on this little pullback. Yesterdays alt pump seemed to die off (all my alt positions pretty much closed now) from around 4pm onwards when I think some people went into cash going by the global market cap and will be sitting on the sidelines and will jump in once they see the btc bottom is in. That along with the shortsqueez could see us fly up to ath like a rocket