For now, I think we've topped. It took too long to get up here and it's not looking impulsive.
So I am expecting a 25% correction, which could take a couple of months to reach the bottom.
After that, slow up with corrections, for most of 2017, break the ATH only in 2018.
I am not at all happy with this scenario, because a slow market is killing me...
I'm going to give you the benefit of the doubt that you are providing your genuine assessment, and not talking your book. I know that some folks want to come in here and talk their books, but you really don't strike me that way... (in regards to "talking book", there is nothing wrong with making various BTC price predictions and betting accordingly, but I think that it is another story that a book talker takes a position, and then comes in here attempting to get others to follow the already taken position).
Sure, each of us is entitled to our own scenarios and viewpoints about the price direction of bitcoin, yet to me, it seems as though you are describing a scenario that is less than likely to occur, especially when you are suggesting that the new ATH will not be reached until 2018.
Even though I am thinking up to a 25% correction sometime before $888, I really don't think such a correction is going to keep us down for more than a few months.... and yeah a 25% correction could take place at any time.. including right now or wait a little bit longer.
We are all just winging it in prediction land - but in the end, to me, there just seems to be too much widespread adoption taking place including looking at local bitcoin stats, infrastructure development, positive developments with seg wit, major currency problems around the world, ongoing manipulation of gold and silver, dumbass trump election results, an already experienced correction of nearly 3 years (from $1163 to present) and even overall lack of regulatory hostility.
Accordingly, bitcoin's market cap remains so small while there continues to exist a multitude of reasons that there are multiple upwards price pressures... including also the fact that bitcoin still is a paradigm changing invention that is delivering a product that is unlike any other product previously seen... and still has no meaningful competition.
I am NOT saying that your described scenario could not occur, but given the whole scheme of things, including factors that I mentioned above, your scenario is seeming like about a less than 25% chance of occurring (including the part in which you assert that a new ATH is not reached until 2018).
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