Bitcoin is Gold (supply vs demand drives market value)
Updated
For all the "bubble pop peeps" this is some TA for you to consider (at minimal)
I know you are all a bit stung in the ass by the 2013 bitcoin mtgox market cycle and fractal but you also have to remmeber that bitcoin has had many pumps and dumps and not all of them fully retraced infect many of them saw continuation in or around the .618 fib retracement not to mention the fact that GOLD is a very similar fractal to bitcoin
and as many pro traders are aware GOLD is doing a rounded bottom and is likely to see continuation to new all time highs so you have to ask yourself is this really a bubble pop scenario ? I have to say no the technical don't lie and I see bullish consolidation.
Bitcoin is likely to tap 10,000$ form short term resistance and test the upper 7000$'s (7200$ - 76000$) this is another prime entry I have been accumulating this panic many of my buy orders triggered at 8000$ and 10000$
My target for 2018 is still 100,000$ per coin
This correction is scary for people new to crypto but this is normal market movement for people like me that have been around for a while
Stay profitable out there!
I know you are all a bit stung in the ass by the 2013 bitcoin mtgox market cycle and fractal but you also have to remmeber that bitcoin has had many pumps and dumps and not all of them fully retraced infect many of them saw continuation in or around the .618 fib retracement not to mention the fact that GOLD is a very similar fractal to bitcoin
Bitcoin is likely to tap 10,000$ form short term resistance and test the upper 7000$'s (7200$ - 76000$) this is another prime entry I have been accumulating this panic many of my buy orders triggered at 8000$ and 10000$
My target for 2018 is still 100,000$ per coin
This correction is scary for people new to crypto but this is normal market movement for people like me that have been around for a while
Stay profitable out there!
Note
Note
Trade active
Buy orders getting filled!Note
Note
Note
Bitcoin moving as planned after falling wedge breakout & all targets are still valid.
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