13k Retrace Scenario

2019년 6월 26일

Assuming we are at the end of a wave 3, here's an idea of a scenario where we retrace now, and reach a modest 25-30k at the end of the year.

Alternatively, it would not be super surprising if Bitcoin instead rallied directly to 17-20k. From 20k, a .618 retrace would land us at 9.7k.

My current feeling is that this rally is a strong but short-lived one, due to the lack of media attention and hype that the Dec 2017 bull run had. I do not see an alt season coming just yet.

Credit to Cryptosomniac for partly inspiring me this idea.

2019년 6월 26일

노트

EDIT: A less extreme retrace to 9.7k from here would also make sense. That would fit well into the trend lines.