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RE: Bitcoin (BTC) Mid-Day Update: Capitulation Phase??

in #bitcoin7 years ago

I had been talking about this exact target since end of December / Start of Jan:

https://www.tradingview.com/chart/BTCUSD/kaUi5esz-Correction-fractals-between-BTC-and-ETH-across-time/

It's one of the things that has been a little frustrating with Haejin; he can sometimes be a little too bullish. With that said, he was right at 8k when he said it was going to go higher and wasn't a double top.... but I'd recommend a little more caution. I wish he would advise people to take profit early and often, rather than calling 70k like he did a few weeks back.

Long term, things look good to be honest:

If this is a falling wedge, very bullish!