So much buying so little selling... Early investors will take home their profits sooner or later and that's when buying can't hold up against the pouring liquidity of selling.
Technically you ought to realize a correction is needed here before more up, however It could go full IT BUBBLE retard mode and go through the roof right now, the only problem is that early investors WILL take profits and when some even bought hundreds of bitcoins for 100 dollar each etc the downfall will be a nasty one. If you like gambling perhaps sell of 50-70% and invest 30 % in an undervalued asset/commodity instead: I would suggest GOLD
Technically you ought to realize a correction is needed here before more up, however It could go full IT BUBBLE retard mode and go through the roof right now, the only problem is that early investors WILL take profits and when some even bought hundreds of bitcoins for 100 dollar each etc the downfall will be a nasty one. If you like gambling perhaps sell of 50-70% and invest 30 % in an undervalued asset/commodity instead: I would suggest GOLD
Note
Price moved 30% north over 4.618 fib level last time so 30% bove 4.8k w be around 6.3-6.4k
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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.