Hi all - As I have shown in my previous idea that Bitcoin is heading to $9000, however it decided not to visit this area now. I strongly believe that the target is still valid as a healthy correction is always required. Bitcoin now is trading in a trend channel as shown and once it breaks it we can see a some bearish movement. This is only a short/medium term target as Bitcoin is still on a major bull run!
Let's take this one step at a time - First target $12300
Thanks for the support and likes - much appreciated!
fantastic analysis. bitcoin is 18.000$. pls don't do this job :)
Btckk89
⋅
@aslanbash, when the tethering stops, i hope i'll see you and the others in agreement around here then.
aslanbash
⋅
@Btckk89, the analysis' end point is 12.08.2017 and today 12.12.2017. Future has unlimited possiblity for everything. But this analysis has crashed down.
Btckk89
⋅
@aslanbash, yes true, but it's just an idea. You can never be 100% correct in TA, anyone saying so is lying or have insider info. And also you didn't have to be very sarcastic about it ( 'fantastic, 'don't do this job', ':)' ). If you and the others in agreement want free trade signals, follow other authors or telegram groups.
BrettduPreez
⋅
I am getting the feeling that bitcoin will not correct for years to come. If one looks at the bigger picture, bitcoin is in its baby steps. May corrections will come when market hype has stabilised one day, but it will probably first reach a few hundred thousand dollars before then.
sgemini
⋅
@BrettduPreez, careful, that's bubble thinking! ("oh, this time it will be different")
arvincash88
⋅
@BrettduPreez, must be nice if bitcoin is as simple as that, and dont forget there will be Bitcoin futures in few days which means bitcoin will be controlled by the whales,banks just like gold
cantalupo
⋅
Short?
namley
⋅
Keep the updates coming!!
Coledaman
⋅
It's going to go up until the amateur hour traders on tradingview (myself included) stop shorting it, and not a day sooner.