I like to buy the dip and after a catastrophic 37% drop today - XEM presents a high risk, high reward opportunity.
What was the news that caused it to dump?
Probably going full moonboi here - but I can see similarities in market behavior, repeating - with accelerated momentum. If BTC can stay in this current ascending channel, along with the right news - I think we will retest 20k previous ATH.
Its all pegged on the coronavirus vaccine though, I dont see humanity moving forward until theres a proper degree of herd...
I've made this chart mainly so I can keep track of my thoughts and predictions regarding BTC - so don't base your financial decisions on it. Its all educated speculation, with some intuition thrown in.
Overall, I'm bullish on blockchain tech and bitcoin, however - the charts don't lie - and they are appearing to show the direction of the action will follow the...
Following on from my previous analysis of bearish action until March/April - I believe its likely we will see bitcoin bounce to 8750 region before next move down.
Just my prediction.. from being around during the 2017 bullrun we know how crazy things can get when the FOMO kicks in.
One of the big players last time was NEO and its likely that if BTC continues with its upward hype journey - NEO will be one of the many alts to join it. It showed it is capable of going from $8 to almost $200 in a matter of months - and with...
