** I originally posted this privately 7 hours ago with the intention of simply changing the status to public, but apparently TV's pretty adamant that my private ideas stay private, so I've had to redo it.. **
---
So.. Against my better judgement, I'm gonna put this out there..
Skin in the game and all that..
I think BTC is about to take off..
Where it will stop, I'm not sure, because the figures I'm seeing are astronomical..
This could be because I've made a mistake, but I always make considerable effort to avoid those (with varying degrees of success)..
Considering my horrendous historical performance on calling BTC, one would think I've learned my lesson..
What I can determine, is that there might be slight resistance around $15k, nothing serious, may go unnoticed.. There might be a small retracement around $20k.. If this happens, it means 2 things.. That BTC will range sideways (or as sideways as is possible for a force of nature).. It also means that the new high will be significantly raised.. Will venture a guess when we get there..
The alternative, and this is the one that may sound crazy, but all things considered, actually is the more modest of the two options, is that it goes straight to at least ~$20k and then retraces back slightly.. This ties in with my teacup theory..
Honestly, I generally don't care much what BTC is doing, as long as it's not going down considerably and tanking the alts in the process..
They've been consistent and reinforced by the price movement ever since the recent trend reversal following Armageddon..
This is not investment advice, just my findings/opinions.. So if you're crazy enough to dive right in because I said so, then it's on you if it goes south..
I don't see that happening, however..
But, hey..
Let's wait and see, right?
Disclaimer:
If you're into the "Which coin is the top coin?" or "Ethereum's gonna replace Bitcoin" arguments, then I'd rather not hear from you..
Nothing personal..
Trade safely..
Or don't, you Hooligan..
---
So.. Against my better judgement, I'm gonna put this out there..
Skin in the game and all that..
I think BTC is about to take off..
Where it will stop, I'm not sure, because the figures I'm seeing are astronomical..
This could be because I've made a mistake, but I always make considerable effort to avoid those (with varying degrees of success)..
Considering my horrendous historical performance on calling BTC, one would think I've learned my lesson..
What I can determine, is that there might be slight resistance around $15k, nothing serious, may go unnoticed.. There might be a small retracement around $20k.. If this happens, it means 2 things.. That BTC will range sideways (or as sideways as is possible for a force of nature).. It also means that the new high will be significantly raised.. Will venture a guess when we get there..
The alternative, and this is the one that may sound crazy, but all things considered, actually is the more modest of the two options, is that it goes straight to at least ~$20k and then retraces back slightly.. This ties in with my teacup theory..
Honestly, I generally don't care much what BTC is doing, as long as it's not going down considerably and tanking the alts in the process..
They've been consistent and reinforced by the price movement ever since the recent trend reversal following Armageddon..
This is not investment advice, just my findings/opinions.. So if you're crazy enough to dive right in because I said so, then it's on you if it goes south..
I don't see that happening, however..
But, hey..
Let's wait and see, right?
Disclaimer:
If you're into the "Which coin is the top coin?" or "Ethereum's gonna replace Bitcoin" arguments, then I'd rather not hear from you..
Nothing personal..
Trade safely..
Or don't, you Hooligan..
Comment:
