Smart people going to compete to take profits around $1,000. Only fomoers left at that point. Downtrend until $680-$700 area where first wave of people arguably sold. Thats when they start to get back in, and the cycle starts over. Going to challenge and most likely take out the previous ATH, because of the rally, which is going to happen while supply of BTC is only 12.5 per block. That combined with SegWit and possible announcement of a hardfork to increase blocksize limit. will make Q4 of 2016 very, very interesting for BTC holders.
I like how you combine TA with how people justify their buy/sell decisions. Makes a lot of sense to me. Now we'll just have to see whether or not there comes any notable correction before 995.