If you wanna make a successful TA, just write "long", and guess a 200$-2,000$ rise.
You will be correct 9 out of 10 times.
Bitcoin is not a trading asset, it's just going up and up with small/short timed corrections along the way.
Which always resemble a bubble, yet it doesn't matter, it just keeps going up and up, all the time.
Phattyoshis
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@hamora, This is absolutely true because even at over $7,000 per bitcoin, many investors are holding for the long term. Most investors see Bitcoin as a store of long term value and it is still relatively in it's infancy (maybe more of a toddler now). There are a bunch of millenials getting into Bitcoin now and they aren't planning on selling it for 20 years because analysts keep coming on CNBC and saying that it will be $500,000 per bitcoin someday. The only time we will get a big dip will be due to major FUD, or another attack from Bitcoin Cash (which could happen at the next difficulty adjustment). For now though, simply assume that Bitcoin will keep going up. These large number prices per Bitcoin are only a mental block for people buying. I think it will rise to $10,000 before we see any kind of regular market correction, which will still only bring it back to down about $8500, before it begins to rise again.
Orion_da
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@EXCAVO you have a lot of charts.i'm abit confused, so you're predicting around the current range we will top out and then drop back to around 6900 and then go for an ATH maybe around 10K?
...you don't think we will need to fill the fib retracement level of around 4700 to 5000 first? thanks so much for your insight, learning bit by bit from you