I know. Some of you don't believe in TA. Some of you think TA should only be done by professional traders and so on. Noted.
For everyone else: these are the two main scenarios I am seeing. Both lead to 7.75x (±150) before starting impulse wave 3. I believe that is necessary to gather momentum. Without it we will not break 10K IMO. Does that mean dropping to 7.8 is a guarantee? Of course it isn't. There are no guarantees in TA. It is the representation of market sentiments, translated into fear and greed. TA tries to analyse the predictable patterns of fear overcoming greed and vice versa, based on recent movements and responses.
None of this has ANYTHING to do with Mt Gox, Consensus, the weather, North Korea, Iran, the recent discovery of intelligent life on Mars, Trump or Oompa Loompas.
Use it as input, print it out and use as toiletpaper, I could not care less. :-)
As always: not advise etc.
