BTCCNY: Weekly update
Updated
I'm envisioning a rapid acceleration in BTC as we ramp up over the all time high. Many have been awaiting this fo ages, most haven't believed the rally to date, and still don't, I'd assume most think it'll make some kind of double top and drop, judging by the amount of top pickers getting stopped.
What is the current concensus? We have some whackos showing up and calling way higher prices again, but I'm not too worried since we have a legit trend this time, and solid price action for now.
I'll hold my long term position and will be ready to add to longs if we get a viable short term or intermediate term trend continuation setup. My signals clients will receive the alerts first hand, and all the updates for this and Ethereum. I'll post updates and new charts here, but I won't make such a detailed coverage as last year, where I pretty much gave a lot of stuff away. If anyone has been following me, they should have made a considerable amount of money with Bitcoin.
If you did, leave your comments below, I'd be glad to hear what everyone thinks now too, since we're in almost uncharted waters!
Happy new year!
Cheers,
Ivan Labrie.
What is the current concensus? We have some whackos showing up and calling way higher prices again, but I'm not too worried since we have a legit trend this time, and solid price action for now.
I'll hold my long term position and will be ready to add to longs if we get a viable short term or intermediate term trend continuation setup. My signals clients will receive the alerts first hand, and all the updates for this and Ethereum. I'll post updates and new charts here, but I won't make such a detailed coverage as last year, where I pretty much gave a lot of stuff away. If anyone has been following me, they should have made a considerable amount of money with Bitcoin.
If you did, leave your comments below, I'd be glad to hear what everyone thinks now too, since we're in almost uncharted waters!
Happy new year!
Cheers,
Ivan Labrie.
Note
Bulls firmly in control, we've hit the weekly validation target already, expect more upside and a rapid climb after breaking into new all time highs.Note
New all time high in BTC, I'd assume we'll see some panic buying and a short term top after it recedess3.amazonaws.com/tradingview/snapshots/g/gie2S3LN.png
plus a shakeout...
Note
Chinese started selling some btc, but it looks like a shakeout big time...s3.amazonaws.com/tradingview/snapshots/5/5jqHeR4s.png
I'll look to add on dips, but later today
this is what I was talking about, when I said
"Acceleration and potential dip after breaking the ATH"
Note
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