March 11th, 2018 :
I expect BTC test the Feb. 6th low of 5873.00 again or lower within the next 5- 10 days. This is my minimum expected low to complete bottom in the current A-B-C (See Chart Blue Arrows) zig zag correction underway. Upon BTC completing the current A-B-C correction I expect BTC to move upward in a series of higher - " highs " early this spring followed by a series of even more profitable higher "all time highs" as we make our way into summer and continuing in the fall & winter of 2018. I believe the 5873.00 low may not prove to be bottom and we might easilty I believe see BTC correct more deeply - possibly bottoming at a price as low as 4700.00 - 4900.00 before we begin a strong bull trend and set a new all time high later in the year. The current correction I believe is the last opportunity to add or open a position in BTC ahead of solidly advancing prices looking ahead.
Regardless, whether bottom proves to be near the first target of 5873.00 or to the lower fibonaccie extensions indicated a new all time high surpassing Dec. 17th's ALL TIME High of 19891.99 I am confident will be reached. 24,000.00 +/- is my first upside target for BTC and if we move to a bottom below 5873.00 we could see BTC set a new all time high above 54,400.00.
My trading plan is to enter long term buy orders increasing my position 50% where I see the bottom completing and complete my positions in my favorite ALTS which I plan to hold during the upcoming rising price of BTC until I feel we are nearing the top of this bull trend I believe is soon coiming. Of course I will be monitoring and if necessary adapting my position and scaling as we move forward.
Good L
I expect BTC test the Feb. 6th low of 5873.00 again or lower within the next 5- 10 days. This is my minimum expected low to complete bottom in the current A-B-C (See Chart Blue Arrows) zig zag correction underway. Upon BTC completing the current A-B-C correction I expect BTC to move upward in a series of higher - " highs " early this spring followed by a series of even more profitable higher "all time highs" as we make our way into summer and continuing in the fall & winter of 2018. I believe the 5873.00 low may not prove to be bottom and we might easilty I believe see BTC correct more deeply - possibly bottoming at a price as low as 4700.00 - 4900.00 before we begin a strong bull trend and set a new all time high later in the year. The current correction I believe is the last opportunity to add or open a position in BTC ahead of solidly advancing prices looking ahead.
Regardless, whether bottom proves to be near the first target of 5873.00 or to the lower fibonaccie extensions indicated a new all time high surpassing Dec. 17th's ALL TIME High of 19891.99 I am confident will be reached. 24,000.00 +/- is my first upside target for BTC and if we move to a bottom below 5873.00 we could see BTC set a new all time high above 54,400.00.
My trading plan is to enter long term buy orders increasing my position 50% where I see the bottom completing and complete my positions in my favorite ALTS which I plan to hold during the upcoming rising price of BTC until I feel we are nearing the top of this bull trend I believe is soon coiming. Of course I will be monitoring and if necessary adapting my position and scaling as we move forward.
Good L