Initially I was going for 6.4k to the bitcoin gold fork then a 30-40% correction but that just didn't sit will with me so I've extended this fifth wave inline with the third extended wave which takes us to 7.5k, hitting the top of that trendline and coinciding with bitfinex cutting off USA dealings and possible events/complications with the next bitcoin hardfork... After 7.5k and then a 3-4wk 30-40% correction the rockets will switch full thrust 10-20k into early 2018... at which point we'll have the biggest correction we've ever had and the bear market will be upon us, when the amazons and googles of the crypto revolution can start to shine through
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Still on target for this.
6.4k was hopefully the bottom on this little pullback. Yesterdays alt pump seemed to die off (all my alt positions pretty much closed now) from around 4pm onwards when I think some people went into cash going by the global market cap and will be sitting on the sidelines and will jump in once they see the btc bottom is in. That along with the shortsqueez could see us fly up to ath like a rocket
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Current price action worrying. Margin long closed and exposure reduced... I expected chopy but i expected upside to 6.4k before some more down chop
7.4k earlier than i expected (regretting that sell off on the 28th :( ).... Looks like we are now having a pullback. I expect it to go as low as about 6.2-6.4k over the following days followed by a final leg to double top 7.4k in the middle of this month... 7.9k also a possibility...
tshah
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lol
Simsurf
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@tshah, hope you weren't shorting and lol'in at the same time ;)