JVallah

Btc to 3k?

Short
BITFINEX:BTCUSD   Bitcoin
Based on Elliot wave theory we should come down to 3k. We are overbought on the stochastic rsi, while simultaneously hitting resistance at the top of the descending broadening channel. We went from a penny to 20k in 4 years, a 2 millionx increase in price. We can afford to correct to 3k, which would still be a 300,000x increase in price in just 4 years. People need to stop staring at 4 hour charts and take a step back to look at the whole picture. If this happens, the altcoins will get slaughtered, which means we then pluck the fruit that is ripe for the picking aka collect coins at extremely cheap prices. This bearish scenario would actually be a good opportunity. Whales and fish would make money, and when were done correcting expect a massive bull run.
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