monkia

Part 4 (bear view): Elliot Wave road to $3k or $20k+

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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I have provided detailed analysis of potential scenarios under this bullish post. My inclination is BTC is still bearish overall, however, in the short term I am trading bullish with small positions.


Comment: A few comments saying $3k highligh improbale. 2014 saw a 85% drop from its peak of 1200 to 175. Guess what a 85% drop on 20k gives? $3k!
Any new thoughts from the recent run?
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Or it could go up...
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IMHO 3k is possible in case of global natural disaster, or global nuclear war, or anything that could destroy or cause serious segmentation of the Internet.
+1 Reply
monkia airatru
@airatru, let's hope we don't go that low then :-)
+1 Reply
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