Bitcoin Price Movement

I've been using this chart to "time" BTCUSD 's movements for a while.
Figured I'd post for those interested.
I've drawn out a projection of it's potential path till the middle of 2018.
Yes, they are INSANE!

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It seems things move faster than I anticipated. If you look at the graph, you'll notice I expected a rise to around 20k and a drop to around 10k, but I expected a move down to around 7k after reaching around 11k first.
Well, there's no need to to mention that bitcoin blew past that 11k mark. Your grandmother probably knows that.
I am hoping that quick drop to around 10k is not the beginning of the rally to 50k.
If It is, it's unfortunate I had no disposable funds, but if it's not, I still expect bitcoin to hit that mark in 2018. So keep buying when it's "cheap"

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Whelp. The quick drop last month wasn't the beginning of the rally, but I believe the drop this time around is. I'm invested in a number of altcoins and ready to ride the next wave up.
Happy Trading.

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Wow. What a drop!
Feel free to trade the chops, but wait for a cross above that red line before going all in.
There will be more profits in the months to follow.

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Needless to say, that went in the completely opposite direction.
It is holding the support line well though :-)