DrJLT

How bullish can BTCUSD be?

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BITSTAMP:BTCUSD   Bitcoin
BTCUSD has been exceptionally bullish. The corrective periods for each wave have become shorter and shorter, while its rising waves have become almost vertical.

By my count, it could first fall to around $5200, then bounce back to $6400, before the final correction to $2400 or so. But of course, it may be presumptuous to speak that far for such an unpredictable market when I don't even know what the price could be the next hour.

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