BTC has been in a parallel channel for 7 years. There is also a triangle inside the channel. In case of breaking up or down, I drawed the targets with Fibonacci.
I do not think BTC is the long term investment, as in every other business its not the first but the 2nd that always makes it... The first is to introduce it to the public.
So imo BTC will either tank to scare people away from Libra or soar to get people to buy Libra. Imo Libra is the answer. Its got so much backing and controlled by the elite.
The elite always win.
I am going to go with BTC will tank. Just like the 2000 tech boom the crypto world will need to consolidate. 5000 coins and one for everything. Leaving the stage for just a few coins.
darkpiggie
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@ICharted, Maybe you are right. But there are some 20-30 projects out there which make actual sense. Libra? it's a stable coin. How can you profit from that?
mikenz
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@ICharted, the dotcom bubble popped but the Internet didnt. Same for Bitcoin.
vapecaster
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@ademozkur I really like your honesty that it could go either way not like 99% here shilling their own agenda. I believe we all have access to stock to flow data and info such as yearly/monthly/weekly/daily charts. Objective analysis like yours is all we need here, keep it up !
ademozkur
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@vapecaster, Thank you. You are right about the others but I don't think anyone can move BTC by shilling.
darkpiggie
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At 1k even my dog would buy btc.
CyberExploit
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@darkpiggie, no your dog would not, cuz my cat would buy all of it at 3k
So imo BTC will either tank to scare people away from Libra or soar to get people to buy Libra. Imo Libra is the answer. Its got so much backing and controlled by the elite.
The elite always win.
I am going to go with BTC will tank. Just like the 2000 tech boom the crypto world will need to consolidate. 5000 coins and one for everything. Leaving the stage for just a few coins.