Were we walking to a new high or just doing a pullback like the other times?
The key point could be around $ 7350
In my opinion we still have to wait for wave C. And maybe the waves D and E are coming.
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a correction up to $ 5,000 would be healthy to take momentum toward the $ 10,000 what worries you would be that we would be completing a beautiful H & S with this new movement. What could take us up to $ 3,000
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But it's interesting to note one thing: Notice that unlike the last few days, this momentary high of the BTC did not push the BCH down. On the contrary, it has been holding in a large accumulation around $ 1250. I believe that if the BTC is even looking for the 5k in the C wave, we can have the missing Catalyst BCH back up. It is enough to analyze the graph of the BCH and we will see that an extension of fibo of this last movement can take it towards the 5k. It sounds crazy, but in the face of what we have seen in the last days, it would not be unlikely to happen. Now imagine the FUD that could happen when BCH gets to exceed in 1 $ the value of the BTC ???? We may be about to witness something similar to what happened after the MTGox episode. When the BTC lost 70% of its value, it took two years to recover.
* Sorry for the English movie. I'm Brazilian and I'm using google translator.
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