The Coming Two Weeks (BTC)

Since I do not trade short term fluctuations, I am anxious to get in now. USD is boring! I would like to post a clearer picture of how I think things are going to develop in the coming weeks. Mind you, the upturn has been stylised into one line, but I think it will be fast and crazy in anticipation of Segwit. We saw a quick rise upfront of the introduction of segwit on LTC and then a dump when it actually happened, before yet another rise. I think we are likely to see a similar pattern as the seriousness might dawn upon the investors when things are actually starting to happen.

The rise to $4600, if it at all materialises, will most likely not happen until the dust has settled on segwit and things are moving along nicely. I expect this to probably happen some time during September.

As you can see, I have adjusted the fluctuations to fit the fibs (trend-based time zone and price levels) as well as the trendlines into something I consider a plausible scenario of development.