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

COINBASE:BTCUSD   比特币/美元
1232点击
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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
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.
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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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