61.8% RLZ is at $787, and since BTC has come so far now, I would have to imagine that it is going to get there, and then some.

There will be pro traders out there, whose plan will be to dump, and/or short Bitcoin at that price, risking right up to the ATH. This is why my original AB=CD target was cut short to $785. After such a stupendous rise, I have to respect the RLZ for the entire BTC market....but as it turns out, the least little bearish twist in the market, and my nerve goes and I dump my position....and to be honest, I am guilty of closing winning postions well short of targets, a lot!

Regarding the RLZ however, could be that is the level where the Shorts pile up, and where the Bitcoin Cowboys squeeze the fuck out of them. This is what happened, on the Nov pump. As BTC got to $325, the shorts piled up, and piled up, and eventually they were all squeezed out fo their positions, which resulted in the parabolic spike.