BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Its Done.
Crash against EMA 233
Now back down to 4.8 - 5.3k zone.
Whats next?
This is my theory.

Educational Only

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Comment: I think is not necessary to say that price could reach 8.8k before the BIG DROP
Comment: Forecasting BTC according to 2014 crash.
This time process is 2 to 4 times faster
So the BIG DROP could be on the way.. and maybe will take 2 months to recover
Comment: I cant tell you why, but this is the thing...

Comment: Im very glad when all this whales make what i say.
Im getting very well paid for giving instructions.
Nice analysis, There is enough sentiment that a further BTC retrace may be imminent, and such an outcome would probably be the best short-term way to prime for the next phase of BTC market growth. The BTC market has dilly-dallied between $6 and $8K for long enough now, and I think that most people would prefer that we see a strong correction so that we can finally start to resume an uptrend both in BTC, and also to allow the alt market to start to grow again after its long and slow death by a thousand cuts. Whether there is sufficient downside to reach ~ $5K is perhaps less clear as there are still a lot of buyers around $6.5K, but the BTC market is well known to move in mysterious and wonderful ways, even going against some of the well argued and equally well justified cases suggesting that the market is less likely to drop much below ~$7K! Whatever happens, I think that most people just wish that the market would get on with it, and get this painful phase done, dusted, and consigned to the history books.
CristoJaraba tilanthi2
@tilanthi2, Thanks Glenn.. as always!
And yes... we wish to see this correction done... hopefully down to 5k and restart this cleanest than ever.
At least what we are trying to figure out here is not so far from what is going on.
Again, thanks !! Im very lucky to be able to learn with someone like you.
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