BTCUSD headed to < 8 k > ? Nah, no way .... wait, WUT? HOW?
Updated
One possible path to 8k on this bull run.
So far the velocity vector is pointed up.
Acceleration from spike is still at work.
Is it all just cuz of the "Tether Fud"?
Or cuz some whale dropped 100mil?
Maybe cuz of the fated Short Squeeze?
I think all of the above PLUS long term fundamental developments.
There are many 'things' in progress to bring 'adoption' a bit closer.
If not adoption, then at least 'investor interest' on the horizon.
1) There is evidence of an 'organic' demand for the last couple months.
- this is eveidenced by the continuous stream of small market buys accross many exchanges.
- perhaps the demand is from hyper-inflated fiat countries.
- perhaps the demand is from immigrants worried about remittance.
- perhaps the deamns is from instutions, looking to stock up for point (2)
2) There are instituations working to bring Bitcoin to their "flocks".
- Fidelity and e-Trade are leading, and you can bet they will ALL do it, EVERY one of them, guaranteed!
- ETF's (I know, those mythical unicons) will become reality easier once the above step is in progress.
- Government Grade Custody options have been built and are already being depoyed in the USA and others.
3) There have been institutions accumulating through the bear market.
- You can bet Fidelty and e-Trade are NOT just going to throw it open with an empty Store, guaranteed!
- Big money does not lauch ships at HIGH tide, they launch ships at LOW tide, with more calm water.
- Big money WANTS a piece of this pie, they will NOT let this one slip by at this juncture, guaranteed!
See my last analysis for expected 6100-6300 target:
So far the velocity vector is pointed up.
Acceleration from spike is still at work.
Is it all just cuz of the "Tether Fud"?
Or cuz some whale dropped 100mil?
Maybe cuz of the fated Short Squeeze?
I think all of the above PLUS long term fundamental developments.
There are many 'things' in progress to bring 'adoption' a bit closer.
If not adoption, then at least 'investor interest' on the horizon.
1) There is evidence of an 'organic' demand for the last couple months.
- this is eveidenced by the continuous stream of small market buys accross many exchanges.
- perhaps the demand is from hyper-inflated fiat countries.
- perhaps the demand is from immigrants worried about remittance.
- perhaps the deamns is from instutions, looking to stock up for point (2)
2) There are instituations working to bring Bitcoin to their "flocks".
- Fidelity and e-Trade are leading, and you can bet they will ALL do it, EVERY one of them, guaranteed!
- ETF's (I know, those mythical unicons) will become reality easier once the above step is in progress.
- Government Grade Custody options have been built and are already being depoyed in the USA and others.
3) There have been institutions accumulating through the bear market.
- You can bet Fidelty and e-Trade are NOT just going to throw it open with an empty Store, guaranteed!
- Big money does not lauch ships at HIGH tide, they launch ships at LOW tide, with more calm water.
- Big money WANTS a piece of this pie, they will NOT let this one slip by at this juncture, guaranteed!
See my last analysis for expected 6100-6300 target:
Note
Please excuse the horrible spelling mistakes in above (was pressed for time). But an improtant point I forgot to make:
Big Money is NOT buying NOW, they ALREADY did.
But big money WILL buy MORE, at some lower price.
WHAT is that lower price? THAT is only question for me.
With the"cat out of the bag" now, they will be competing, GUARANTEED :)
Note
Since this posting, we have had a Ping of the top boundry of my immediate resistance zone: .
Note
Looks like wave III might hit the 7k band after all. Wow what wave III this is!
.
Note
Here we are, at the higher target for wave III .
Note
Looks like wave IV possible here .
Note
Possible structure of an ABC to make wave IV down to 6100 .
Note
Allright, nevermind the EW count, just focussing on the ZONES for now. .
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