I bought at a poorly timed $2700, and just sat when it dropped below $2000. (The advantage of small positions.) Now I'm way up. Wish I could trade in hindsight.
Studying its chart some more, I think it just put in a "midpoint" consolidation on this leg up. Simply based on this pattern, my bet is it reaches the next yellow line ($6,800) before putting in a few weeks consolidation, where it scares everybody by testing current levels. It should continue its rise above $10,000+.
Especially with the USDOLLAR failing major support here, this outlook looks likely. If bitcoin isn't your cup of tea, then gold, commodities, or emerging markets will all do well.
I went to click to change this chart to a log chart, but realized it was already a log chart. Yes, it's steep beyond belief. How else are you going to escape the global fiat system before it implodes?
Studying its chart some more, I think it just put in a "midpoint" consolidation on this leg up. Simply based on this pattern, my bet is it reaches the next yellow line ($6,800) before putting in a few weeks consolidation, where it scares everybody by testing current levels. It should continue its rise above $10,000+.
Especially with the USDOLLAR failing major support here, this outlook looks likely. If bitcoin isn't your cup of tea, then gold, commodities, or emerging markets will all do well.
I went to click to change this chart to a log chart, but realized it was already a log chart. Yes, it's steep beyond belief. How else are you going to escape the global fiat system before it implodes?
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.