Disclaimer: This is not trading advice, just my perspective.
BitchCoin's long term trajectory is more clear to me now.
I call it bitchcoin, because it doesn't really play by the rules (e.g. yesterdays incredible swings and volatility.)
I do a lot better trading stocks, then this unregulated, and subsequently unpredictable "Stock".
But the chart is clear, long term, on the weekly. Touched, but never broke the 200 week MA. And has bounced off it.
20, just broke the 50. If it can break the 90, I think 16k, if not possibly 20k is in the cards. And from there... Possibly a lot higher, until, and unless some regulators step in.
BitchCoin's long term trajectory is more clear to me now.
I call it bitchcoin, because it doesn't really play by the rules (e.g. yesterdays incredible swings and volatility.)
I do a lot better trading stocks, then this unregulated, and subsequently unpredictable "Stock".
But the chart is clear, long term, on the weekly. Touched, but never broke the 200 week MA. And has bounced off it.
20, just broke the 50. If it can break the 90, I think 16k, if not possibly 20k is in the cards. And from there... Possibly a lot higher, until, and unless some regulators step in.
Comment:
We are in a short term correction right now, but the 20, did just break the 90 on the weekly. Things are still looking bullish long term to me. Especially if the 50 can also break above the 90, and the 20 remains above them all, as does the price above all three (four if you include the 200).
Comment:
I didn't think it would break the 200 weekly MA. I was wrong. Ouch.
Comment:
