Quote from: r0ach on January 08, 2017, 10:10:04 AM

Quote from: MatDerKater on January 07, 2017, 09:03:02 PM

with it's next stop being the dark blue way up at around $1500.

Mat's most bullish BTC prediction yet. I guess we are heading to $15.

Bullish over the longer term, NOT over the short term.....if I were holding BTC from before or just after breakout (~$800), I would be looking to cash out on any move back up towards the $1000 area, with of course no guarantee that it will even get up that high again before the POC at 700 is retested. I actually know someone who rebought Bitcoin at $830, and who has held right up until now. My advice to him was to sell some at $960, which was the completion of an AB=CD Harmonic, and if he was going to hold onto any Bitcoin beyond this point on this same nosebleed parabolic move up, then ultimate sell point was up at $1080, which is also a AB=CD (green) on much higher timeframe and a 1.618 Fib Ext on the breakout from previous high:

......of course, Bitcoin went up to $1140, and during a telephone call with him, I congratulated him on not listening to me, and admitting that I had no fkn idea how high they were going to pump this piece of shit.......but just a few days later.....whack!

It isn't about being right, it is about getting paid. Even if he had cashed out fully at my first target of $960 (which is what I would have likely done), then he still woulda got paid, providing he could withstand temptation to FOMO buy as Bitcoin soared higher and higher.

Going forward from here, I see profit taking (and arse covering) whenever Bitcoin reapproaches recent key levels up above, followed by a deeper cut back into $600-$700 area, before consolidating in prep for next move up.

If what I say turns out to be 100% accurate, and bitcoin drops to $700 and eventually breaks out and pops up to $1500, then that is still only 100% move up (for the sharpest of traders that is) in what must be one of the highest risk markets, with the most crooked, incompetent, and untrustworthy exchanges of any commodity or stock, anywhere in the world. Returns to be had in Bitcoin now are just not worth all that.......my mate however, like many of you in here, thinks Bitcoin is going to take over the world. Anyone who thinks like that may as well kiss goodbye to their wealth right now.