Plan for entering longs to ride until $13k: I currently see this dipping down to $5k possibly. Eventually I am confident of $13k as the next peak. So this is a possible buy-in plan to ride it up to the $13k range. BTC (and humans) seem to really like the .618 fib retrace. The last EW 12345 ended at about $5k, dropped to about $3k, but more accurately the ...
This is my most optimistic view currently (also working on a pessimistic view next). I am expecting continued buying into the mid-Nov fork. Additional motivation from CME announcing BTC futures to be traded by end of year. Through end of 2017 and into early 2018, I expect the CFTC to announce rules regarding BTC as a commodity. Then the SEC will be able to...
Unbelievably, BTC seems to be replicating Elliot waves (very simplified view). The last two 1-2-3-4-5 waves have been nearly identical, only with a more shallow (IV) than previous. So the shallower IV might mean a taller V, or extended V, which could fill unknown grey box until Fork. After Fork, I expect a substantial pullback, more so than after the BTG...
Expecting a strong dip and then strong rally before the fork mid-Nov, then a BIG crash after that. Let's see how it goes
BTC seems to be replicating Elliot Waves this year. Chart shows last EW 12345 duplicated and ending at $6200. Then, the ABC retrace replicated seems to end at $4150. BUT, see the relevance of the 15th day of every 2 months, which have lead to the last two ''crashes''. Interestingly, November 15th lines up with the upcoming SegWit2x fork. In theory, people...
The previous 1-2-3-4-5 wave seems to be duplicating almost exactly with this time. The 1 and 2 waves so far have been virtually identical to the previous. So if the the waves also replicate, we have a road map to $6200
Just an update and some fine tuning of the plan
Applying Elliot Waves. Green arrows show equal wave III. Given BTC's parabolic rise, the ''equal'' height is probably CONSERVATIVE :)