Excellent post about where bitcoin is headed, @simo95! Anyone looking to hold bitcoins now may just be doing so to store value , nit really for making profit. My worry with the market hitting $90 billion, 14 hours ago and more fiat pouring into the coinmarket from virtually all of the continets, security of bitcoins and altcoins will be a serious issue. You might want to read my blog post yesterday on coinmarket cap, https://steemit.com/coinmarket/@maryfavour/coinmarket-capitalization-breaks-new-record-valued-at-over-usd90-billion-update . Upvoted your post.
I expect either a strong correction out of this $2500 ~ 2600 range or around $3000, based mostly on fib extension levels and confluence with harmonic patterns. Also, $2600 coincides with resistance 5 to the yearly pivot (more confluence).
That said, BTC could just blow right through this all leaving us TA-oriented speculators looking like fools.
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Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
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Excellent post about where bitcoin is headed, @simo95! Anyone looking to hold bitcoins now may just be doing so to store value , nit really for making profit. My worry with the market hitting $90 billion, 14 hours ago and more fiat pouring into the coinmarket from virtually all of the continets, security of bitcoins and altcoins will be a serious issue. You might want to read my blog post yesterday on coinmarket cap, https://steemit.com/coinmarket/@maryfavour/coinmarket-capitalization-breaks-new-record-valued-at-over-usd90-billion-update . Upvoted your post.
I expect either a strong correction out of this $2500 ~ 2600 range or around $3000, based mostly on fib extension levels and confluence with harmonic patterns. Also, $2600 coincides with resistance 5 to the yearly pivot (more confluence).
That said, BTC could just blow right through this all leaving us TA-oriented speculators looking like fools.
I always like the technical anaysis aspect, just to manage one's risk in investing.
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Thank You!