Short

BTC to drop $4-5K by Feb 17th

Updated

There is a pattern I've been following since BTC peak at 20K high - strong pullbacks every 3 weeks. I project that the next pullback to $4-5K. Hitting bottom by Feb 17th. With folks getting income tax returns soon, hopefully this will be the time for the last bottom to be in. But there is still a chance that we can go another 3 weeks after Feb 17 before big investors buy the dip and inspire the working class with spring money in overpaid taxes to come invest.
Large investors will also be pulling out of stocks and transferring their wealth into cryptos ... I believe. Let's hope for the best and see what happens. I you like my idea, please like.

Note

Somehow, some additional ideas I had written didn't get saved. I also wanted to point out some other scenarios based on history. BTC had peaked in Nov 30, 2013. Then the bottom fell out for nearlytwo years before picking back up. I have a feeling this may happen in the long run. And the more I feel that other cryptos could eventually pass BTC up.
I strongly feel cryptos will start receiving wide adoption. The trick is to figure out which one. Who would have ever thought Amazon.com would be the number one online retailer? It was just books. Well, I think it will be similar. "Something Blockchain" will be the new money. Money will flow from stocks to blockchain between now and fall 2018. The real flippening.

Note

Appears to be making an inverted H&S Pattern before its descent to the buy zone. Forming the right shoulder now.

Note

So ... that's a short term bull move. But the long run, I don't think bulls can break the resistance at around 8,500. But we will see. How bad the bears want to keep it down. They certainly have the money, control and power over the market so far.

chasells

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