WGBA-- BTC Short-Medium Term Crash
We Gon Be Alright - While BTC has crashed -$10,000 in one daily candle, we still have a very strong macro uptrend that is still currently holding. However, if that trend is broken on a daily close then we could actually see that $10,000 BTC every bear has been praying for. Personally I see the slow move toward the macro trend, then a bounce back up to eventually test $57,000-$60,000. In the more bullish scenario, I believe this will be the big correction to ultimately take us (quickly, after some accumulation) up to 70K-80K. Then 1 or 2 more big corrections like this one, until finally topping out a little above 100k. The bearish scenario would take us below the trend and then SLOWLY swinging sideways down towards 10k. The second scenario does seem much less likely from a macro-investment standpoint. Either way, I do believe this may prove the lengthened cycle theory.
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