This is only the beginning of a new wave to 20000 and possibly beyond. If you need more info on this you are welcome to visit my twitter page. It's all explained in a series of tweets that cover the price action since the endgame of the 9 month downtrend.
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In the unlikely case you feel like supporting me in this way, here is my LTC address.
Lbv24hwyGtVi3QDfzGzybqJcWuu3AH7Pj8
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Target around 8100
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Adjusting the target. I´m missing the 15min data from before august , so I have to rely on 30min timeframe which is not exactly relevant here, and compare with USDT on binance, where the data on 15min TF are available. I expect it to hit 8250. If you want to stay on the safe side I would go for 8190
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It might go much higher though, I don´t recommned leveraged trading here, stay in BTC LTC or ADA, avoid other coins from the top 20 on CoinMarketCap. Stay away from exchanges, put everything to a wallet. Watch my twitter for updates.
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Target adjusted to 8187, so 8180 is can be considered safe.
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Safe in the sense that it will hit, and retrace a bit, but I don't think I will be trading this, as it might go higher fairly quickly,
I'm willing to bet you LTC that BTC will hit 5600 (on Bitmex) before it hits your safe target of 8190
carrretero
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@schuck15, go long and then you are free to send me some once it hits that target
schuck15
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@carrretero, the prize for the winner will be 1 LTC. If price hits 8190 on Bitmex before price hits 5600, then I will send you one LTC. If that does not occur, then you will send me 1 LTC. Do you accept the conditions of this bet? If you truly believe in your analysis, then you will.
carrretero
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@schuck15, I believe in the analysis, what I don´t believe in is betting.
I have shown my analysis, it is meant to give others an idea what is going to happen next.
If they see fit to enter and go long, and the price hits 8180, then they can consider sending me a small reward.
That´s all.
carrretero
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@carrretero, obviously I had to modify the chart, as it played out differently than I hoped.
BTC had to test the previuos high in the end, so that it shall not be necessary to do it somewhere in the future, it would stay there like an unpaid debt.
This way it has no need to look behind anymore.
That's how it works.
It is called perfection.
schuck15
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@carrretero, You trade but you don't believe in betting. I'm curious to see how you justify this as not being hypocritical.
carrretero
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@schuck15, it's not the same to trade and to bet. When you go to buy bread and you exchange it for something else, like money for example, then it's a trade.
If you however buy a contract on bread's future price, it's gambling, and you are in reality not interested in bread, only in the profit.
Needless to say, those who suffer the consequences of such behaviuor are those who really need the bread.
Playing with future(s) is against the universal law.
I am only exposing here what I see in the chart.
However, I am not betting on it, I simply believe in justice.
carrretero
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And then again, it would be foolish from me to bet against somebody I don't know.
schuck15
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@carrretero, interesting perspective. Thank you for your reply.
carrretero
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@schuck15, I don't trade at this moment, I already bought.
I might sell at some point in the future if I see that fit.
I will see.