The Bullish Scenario for BTC
I am more naturally bullish on crypto than bearish. My recent bearish analysis (https://www.tradingview.com/chart/BTCUSD/zBeGNkAz-The-Bearish-Scenario-for-BTC/) is based on short-term (monthly) movements.
Longer term, I see massive expansion as crypto goes mainstream and BTC reigns as the defacto base pair and store of value.
Elliott wave counting and to a lesser extent TD Sequential are the only tools I have to extrapolate future price.
Therefore, here is a forecast for BTC longer term.
T1 = $39000
T2 = $55000
Naturally there is signficantly less price action and trend data to support this, but general bullish fundamentals support this drive. The timing of these waves is general only, but I am expecting T2 before EOY 2018.
Longer term, I see massive expansion as crypto goes mainstream and BTC reigns as the defacto base pair and store of value.
Elliott wave counting and to a lesser extent TD Sequential are the only tools I have to extrapolate future price.
Therefore, here is a forecast for BTC longer term.
T1 = $39000
T2 = $55000
Naturally there is signficantly less price action and trend data to support this, but general bullish fundamentals support this drive. The timing of these waves is general only, but I am expecting T2 before EOY 2018.
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