Bitcoin - Weekly
Same view as monthly, A technical investor not driven by emotion/gambling would never enter this market right now. If prices move to 10k, then a complete exhaustion would be expected one which decline will be a nasty quick 90+% so then there is no guarantee you would be able to take profits. If prices move north of 7k then we could go as high as 30k given the fact that the early investors wouldn't be taking profits at all, instead thinking that their initial investment will stay in bitcoin forever. if the early investors were naively driven by emotional commitments to tackle the central banks and win fair and square, they will wake up one day not knowing what happened.
Again if you're in for the "dream" take 50-70% of the profit you've already made and hold/sell the rest depending on how price reacts. Invest some in Gold/commodities highly undervalued
Again if you're in for the "dream" take 50-70% of the profit you've already made and hold/sell the rest depending on how price reacts. Invest some in Gold/commodities highly undervalued
Note
Price moved 30% north over 4.618 fib level last time so 30% bove 4.8k w be around 6.3-6.4kNote
Bitcoin costs 1000-1800 dollar to mine so going off that u would want to buy it again over 1.8k
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.