Eternal Sunshine of the Spotless Bull _____---~~~```

56 hours straight (with a few hours offline now and then)
are finally paying off.

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I'm off the market for a few days now...
... thus providing an unaffected by fear forecast!

Yes, the market doesn't conform with our forecasts,
nor it is obliged to fulfill our desires. But..

Price movement is the result of
many different kinds of players trying to
outsmart each other, hedging their risks,
riding daily, weekly, monthly waves,
the result of FX market influence,
economics, politics, solar cycles, e.t.c...
Countless money flow feedbacks,
interfering with each other, senseless but REPETITIVE
human psychology(this one never lets down)...
...it is simply impossible to consider all the variables -
introduce them to a mathematical model
of the World Economic System, get the analysis results
and fly away to the Dreamland, knowing
all the factors in play and the outcome of the game.
Dreams, sweet dreams!

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Back to Earth.

But something we can do, and if done right -
serves us as almost as good as the mathematical modeling
that requires the biggest supercomputers and the most
complex models ever created(maybe in 20-30 years? still
going ape on the charts like n 1911, only fancier).

Markets loooove cycles. Because even the most complex
economic processes mostly follow the rythms of
the human being cycling around in his limited frames of life
(bouncing between the low and the high energy states,
always with the same dynamics again and again, and again).
Our psychological processes, specifically decision-making,
are very repetitive in their dynamics.
Simplified, if you put another human being into the
isolated system featuring the same signals, same variables,
the human will always make the same decision. To hell
with individuality - the market abides the contours
of our biological cycles, the ancient crowd laws.

I has been proven by many great traders that the price
likes to follow previously observed patterns.
A wave model in the process of creation easily gets deformed
by speculative fixed pumps or dumps,
once everyone realizes that exactly the same
pattern has already happened in the past, multiple times.
This always triggers some shenanigans.

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Do it.

Here I am, reconsidering all the pros and cons of
the theories that have been circling for a while in my head
for the 100th time all over again.
And I finally see the ligh... the pattern!, of course.

We are dealing right now(30m) with a very beautiful
self-accomplished(whatever, I'm not a native ;)),
finished, perfect, MATURE impulse formation that has just
(1:00 UTC Jan 8)
declared itself DEAD.

How can I be so sure? The patterns. The multiple
included impulses - the oldest pattern there is.
And the bitcoin looooves this pattern and it's
commonly known dimensions.
Provided that the impulse has ended,
we are about to meet its closest friend -
some correctional waves model, retracing 15-50-80%
of the 16 figures surged.
This is exactly 0.15*16= 2.4 and
.5*16 = 8 figures.
0.8*16 = 12.8 figures(extreme scenario for this market,
I do not even consider this value possible anymore
in the terms of current bullish trend).

This makes the bears able to drop the price
straight down to the 7500-8050 range.
Don't even begin to doubt it.

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What's next?

Provided the price action evolves free of
economic cataclysms -
we'll be able to move only higher up just as
the correction ends.

The following bullish trend continuation may set new local highs,
But I don't expect anything greater than 11.5k(possible 14+k,
but is a very improbable scenario, it seems).
Pretty safe to expect 9k.
Smart to keep some longs for a 10500k target.
Like to gamble? Target 11.5-14k. NOT ALL-IN!
Never wit these chances for 11.5+k.

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Big boys.

Long, long and long again for the inbound few weeks.
Only longing is smart right now.
If shorting(acceptable for pros only) -
try to scalp max 1-2 figures in the depths
of the correction expected.

The rest, I'm sure, you will figure out yourself.

The core of it:
1. Down to 7500-8050 range in 12h-3days.
2. Up again 8.8k+. If we're lucky - 9k, 11.5k, 14k(13.5, no?).

The main chart features two possible scenarios - I and II.
Feel free to choose. Both are equally well reasoned.

Don't forget to take a look at the bigger timeframe analysis,
these are all parts of the 2weeks-long analysis and research.

Bigger timeframe:

The roots:

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Trade active:

A better look at the suggested levels:

Comment:

Waiting for the nice dip for a buy-in. Max recommended price for a buy-in in the lifetime of the current correction - 7500-8000. Looking for that dip...

Trade active:

Heads up!
A good timing for a buy-in.
The next possible dip is at 7750,
if we go the scenario #II.

Trade active:

and.... the confirmations, lads and gents! have just went "the most probable I".

Will we drop to 7700? The second most probable? - sure. But we will redo 8150 first(small bullish counterattack) .