euromotives
Long

Possible Roadmap to $6900 before fork, then $8100 by early 2018

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Unbelievably, BTC             seems to be replicating Elliot waves (very simplified view).

The last two 1-2-3-4-5 waves have been nearly identical, only with a more shallow (IV) than previous.
So the shallower IV might mean a taller V, or extended V, which could fill unknown grey box until Fork.

After Fork, I expect a substantial pullback, more so than after the BTG             fork.
The pull back coincides with the Thanksgiving Holiday in USA, meaning reduced liquidity.
US consumer will also be splurging on Christmas Shopping, which STARTS on Thanksgiving day now.
So a perfect time for the whales to release some FUD about crypto, and smash it down.
They will smash it down until what ''they'' think is a good price to buy again.

After the post-Fork Pull Back, I am assuming ''Business as usual'' for BTC
I have drawn a third 12345 (replicated) which seems to line up nicely with trendlines and Fib extensions.
Towards year end, I expect various US developments which will allow more participation from institutions.
Beginning of 2018, we should hear about various options for Hedge Funds, Pension Funds, 401k's, etc to participate.
And THAT is when the ''REAL'' climb in BTC             will begin - when TRILLIONS of dollars are eyeing it, not a mere 100 Bil.

OK, maybe pure fantasy, but hey, if you don't have a map, you don't know where you are, right?

Wishing everyone the best of luck!


The Golden Ratio is my Religion
Totally in line with Clif High's predictions. BTC to 13800 by Feb 2018. Thanks for backing it up with Technical Charts. :)
Reply
euromotives christinasc
@christinasc, Oh yeah? Excellent! Always good to hear about different people with their own TA arriving at similar guesstimates. That means hopefully a LOT of traders are thinking the same thing! Best of Luck to all of us.
Reply
Thanks for sharing
Reply
great job bringing the trend in shape

Reply
euromotives SamvanProoijen
@SamvanProoijen, Thanks, still learning here and happy to share observations
Reply
Ah, this makes sense. Looking to add to my core holdings and this helps keep the FOMO of the moment at bay. Thanks for sharing.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out