I hate to see how the so called famous gurus change their so called guidelines every day when price point jumps +_500 one day it is sorry of I am 61% long in BTC next day I am being defensive and only 33% committed. But at the same breath they talk about daily/weekly model. Anyhow just giving a quick feedback of what's goin on with BTC and what could happen next.
BTC doing a ABC correction after long 1,3,5 up which started in December 15th.
Bad news - this correction will last for 2-3 weeks more. And C wave is coming up next. 2 scenario's I see as shown below will take btc to $8200-$9000 range.
Good News: This is the cheapest you can but btc for long time. Next low price could be 14000 range. Another good news is this just first move (wave 1 )of BTC next parabolic advancement, wave 3 next and then magnanimous wave 5. Wave 3 should mature any where from Dec-march of next year.
case 1:
Case:2
We can do lot of imagination as to where BTC will end up and how do we know we have reached the top, the answer is NO ONE KNOWS, we all guess.