Right now, Jan 14th, it is retracing from $47 to probably the 0.382 or 0.5 levels with a buyin at $41 today or tomorrow appearing safe. The next wave up should bring it to the end of the 2nd long wave at $54 to $56 after which we'll have it retrace probably less dramatically than the 1st long wave after which the 3rd wave will take it beyond. Update will follow then.
Mind: this is intended as analysys, not advice.
When you trade, build confidence in using technical analysis tools like elliott wave and fibonacci retracement and extension in order to make your own calls. Only trade on calls you make.
For a solid analysis of bitcoin, see
Picture: Jovian moon Callisto
For more information about the ETC Callisto fork, see https://www.reddit.com/r/EthereumClassic/comments/7pp7dp/ethereum_commonwealth_development_update_11_jan/
A great many people will seek to benefit from receiving Callisto for each ETC they hold, so we may see significant accumulation of ETC moving towards the fork date.