Post-Fork debacle plan to enter long for $13k Target

1235 2
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 .618 fib.
We then peaked at the next Fib number, about $8k. So pull back to $5k before proceeding in to $13K?
The whales will line up a variety of events to cause mass panic, to shake loose cheap coins for themselves.

However, there is a lot of positive news, and BTC is on the verge of mass-knowledge..
Mass-Knowledge will help lead to Mass-Adoption, and the true exponential growth will start.
So there should be a lot of speculative money waiting to buy ''Cheap'' coins right now.
Thus a full bore crash to the .618 fib ($5k) may not be plausible at this particular time.

Thus I have three possible entry points where I will be observing its behavior:
1) the .382 fib at about $6100. So $6-6.1k long entry possible with small % of acccount.
2) the .500 fib at about $5500, long entry with a larger % of account.
3) the .618 fib at about $5000, long entry with MOST of the account.

Let's see how this goes.....

the Golden Ratio is my Religion.
the Trading View is my Nation.
the Moderator Tag is my Flag.
Ecellent analysis! I was thinking the same, since the bullish scenario did not play out as I thought it would. Therefore, final bear leg to 5000 seems realistic, afterwards next bull move to 13k in December.
EuroMotif FlaviusTodorius67
@FlaviusTodorius67, Thanks, and glad to hear your TA agrees with mine, as the more that agree, the more likely it will happen! I am firmly convinced 13k will be BTC's next peak, just a question of how many coins I will won by then :)
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