andyhitchman

The Bullish Scenario for BTC

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I am more naturally bullish on crypto than bearish . My recent bearish analysis () is based on short-term (monthly) movements.

Longer term, I see massive expansion as crypto goes mainstream and BTC reigns as the defacto base pair and store of value.

Elliott wave counting and to a lesser extent TD Sequential are the only tools I have to extrapolate future price.

Therefore, here is a forecast for BTC longer term.

T1 = $39000
T2 = $55000

Naturally there is signficantly less price action and trend data to support this, but general bullish fundamentals support this drive. The timing of these waves is general only, but I am expecting T2 before EOY 2018.
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