Since I can only track BTC via GBTC as my charting service doesn't post charts on "actual" bitcoin, my GBTC target is somewhere betwixt $345 and $260. Not sure what that translates as far as actual bitcoin...but I figger it's a drop of 50%? Is that in line with your target? Thanks.
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Right now I favor 38% because of high demand from hedge funds. But you never know for sure. If this coming correction is a wave 2, as I suspect it to be, it can go down 99% of wave 1 without hurting the count. But right now I don't see BTC ever at 1900$ again...
Thanks, man. And GOOGLuck to you...even though GOOGL is going to get clocked once it trades through today's 941.04 high. :-)
Jeeez, my GBTC is already down over $110 and it isn't even "moderately" oversold yet. :O Sorry I was off on my "black" Fri call by a few days? ???. I'm wondering if it's the dollah rally. UUP "should" see 24.75 on this run. General marekt going to stage a "sizable" retracement here starting today too. Looking for the SPY to rally back up thru 247.00 again first tho...then it takes out last week's premarket low of 243.18. VIX "might" see $20+...after tagging 11.50 again first. :-)
Its just a normal correction, see my next post about BTC for targets...
OK, I'll check it out. I just watched one guy over at Utube say $3000 and break to what my GBTC targets are saying would make him change his scenario quite a tad. Methinks this move corrects at least 50% from the high...the very first 50% correction since Mt Gox. GBTC gaining more fuel for the next wave of selling...shouldn't be too much longer. Now at $668.00...$675-$685 otter do it.
more nothing burger from joeschlep