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

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
663 4
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?
Or it could go up...
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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