SUMMARY
I believe this weekend could be the time when Bitcoin (BTC) breaks the $10k barrier. I also believe that BTC will continue following Ethereum (ETH). Let me explain (the video as more details).
The below chart of ETH has been updated to show that it has reached the top of wave 3 and has started correction into wave 4. There is the scenario where the wave 4 correction already be almost complete! But, for now the below ABC is the primary. The blue waves are the subwave of white wave 3 and thus confirms the higher degree of trend count.
Following this minor correction, ETH should continue chugging up towards $832 or higher; during the weekend. Now, IF this is correct and the scenario plays out; then expect an intermediate sized correction after the 5th wave is placed. More on that during this weekend.
So, Bitcoin (BTC0 is almost done with the white wave (3); since the blue subwaves, are not yet complete in its motive. The weekend would probably generate the minor wave (4) correction and then higher to breach the $10k level. Expect a good, healthy correction afterwards.
Let's not lose site of the longer term perspective as shown below. The Cup & Handle pattern, if completed, would be wildly bullish for Bitcoin!
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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