euromotives
Mua

Possible Roadmap to $6900 before fork, then $8100 by early 2018

COINBASE:BTCUSD   Bitcoin / Đô la
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             fork.
The pull back coincides with the Thanksgiving Holiday in USA, meaning reduced liquidity.
US consumer will also be splurging on Christmas Shopping, which STARTS on Thanksgiving day now.
So a perfect time for the whales to release some FUD about crypto, and smash it down.
They will smash it down until what ''they'' think is a good price to buy again.

After the post-Fork Pull Back, I am assuming ''Business as usual'' for BTC
I have drawn a third 12345 (replicated) which seems to line up nicely with trendlines and Fib extensions.
Towards year end, I expect various US developments which will allow more participation from institutions.
Beginning of 2018, we should hear about various options for Hedge Funds, Pension Funds, 401k's, etc to participate.
And THAT is when the ''REAL'' climb in BTC             will begin - when TRILLIONS of dollars are eyeing it, not a mere 100 Bil.

OK, maybe pure fantasy, but hey, if you don't have a map, you don't know where you are, right?

Wishing everyone the best of luck!


Totally in line with Clif High's predictions. BTC to 13800 by Feb 2018. Thanks for backing it up with Technical Charts. :)
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euromotives PRO christinasc
@christinasc, Oh yeah? Excellent! Always good to hear about different people with their own TA arriving at similar guesstimates. That means hopefully a LOT of traders are thinking the same thing! Best of Luck to all of us.
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Thanks for sharing
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great job bringing the trend in shape

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euromotives PRO SamvanProoijen
@SamvanProoijen, Thanks, still learning here and happy to share observations
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Ah, this makes sense. Looking to add to my core holdings and this helps keep the FOMO of the moment at bay. Thanks for sharing.
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