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I think a big bounce is incoming. We should see either a 50% rise, if we mimic 2014's price increase, or a 80% rise, if we mimic 2014's fib level retracement.

>>Large Stop-hunt.
>>CME Shorts settling soon.
>>Big bull divs.

Think whale's will pump & dump sideways for choppy waters while they accumulate as much as possible. Once CME closes then the market should pump. Profits will be used to re-short the large rally at the top.

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Dis

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Da hunt.

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Alternatively, the Wedge bottom could be at either of the 2 Red Boxes displayed below. Since 2014's wedge was drawn on wics, this one could be too... which means that this upcoming relief bounce could be the last one before 2-3 weeks of blood.

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As for the relief rally, I believe that we'll be going sideways for a bit. Perhaps challenge 6K for a double-bottom bounce before we come down to break it for a steep drop.

So roughly...
5800 - 6200$ for accumulation level.
6500 - 7000$ for relief rally bounce.

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Down we go. 6K Next target?

TheWolfofPoloniex

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