BTC (A) to (B) to (C) or (A) to (C) : Analysis

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
We will have a rise to A ($10k) then possibly a fall to B ($8k) and then we'll have a strong breakout towards C ($17K). Then we'll see what happens next. Direct rise from A ($10k) to C ($17k) is also likely now in light of favorable G20 development but I wouldn't bet on it. I encourage buying at this point in small amounts for dollar cost averaging. The whales accumulated around $6k. Smart money is still busy accumulating. Dumb money will start buying when it is above $17k. Good luck!
Comment: We are on track to (A). Let's see if it heads back to (B) or goes straight to (C).
Comment: China is most likely going to announce opening of Crypto Trading in the next few days. This is going to be the push the market needs for BTC to break out of this wedge towards new highs for 2018.
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