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RE: Market Update: BITCOIN testing triangle top - break higher targets 5000!

in #bitcoin7 years ago

yea my mistake I was on the phone, 4900 looks like a good target, 4800 to get out ahead of profit takers. But I don't think that will be the big correction. am thinking 6000-8000 then all way back to 4000 or less. In the next 6 months or so. With eth same shape but bigger % moves.

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That would be pretty crazy, I hope not. I know it used to behave like this, but I'm hoping it is becoming more stable. 8000 back to <= 4000 would be a massive correction indeed. Though yeah structurally the 3K former resistance remains untested. This is why I lean towards a 5K -> 3K -> Resumption. I try not to make really long term, multi-move predictions though - literally anything can happen!

Good chatting mate, look forward to more of it!