Grandma said we would go up. Not baking a victory pie yet...
So far my old trading skills have been really accurate. My grandkids have a lot more respect for me now, the greedy buggers. Still not giving them one satoshi of their inheritance. Let them earn their own, I say. Like you should.
Interesting times for Bitcoin. Normally I would be relatively sure that 8000 is more or less a guaranteed pivot but there are some things that got my attention. I have one of the iPads now and that means I can read a lot more news than just in the Morning Gazette, like before. So I am reading a lot of positive news. Something about ETFs coming. That could skew my earlier expectations, but something tells me that it is too soon for ETFs. Not in 2018. Maybe 2019. Still, lots of kids getting into the market based on this possibility.
Don't forget: you buy the rumour and sell the news. Not sure we have many retail traders entering the market yet and smart money is, well, smart. I do think we are close to the bottom. We might have seen it already but even if we have one final hurrah!, I don't think we will go much lower than 5500 and even that will be short and maybe no more than a wick.
I put some info in the chart. I am sure you can figure it out. I need to go get me some new orthopaedic shoes. Been dancing too much, celebrating my recent profits.
Oh, kids, be careful with these alts. They might be lagging behind Mr. Bitcoin for a long time if we break out. Don't say Grandma didn't warn you!
(It says that the H&S would retrace to 6.5 but that should be 5.5. Too tired to correct the chart. You can use Typex on your screen.)
Interesting times for Bitcoin. Normally I would be relatively sure that 8000 is more or less a guaranteed pivot but there are some things that got my attention. I have one of the iPads now and that means I can read a lot more news than just in the Morning Gazette, like before. So I am reading a lot of positive news. Something about ETFs coming. That could skew my earlier expectations, but something tells me that it is too soon for ETFs. Not in 2018. Maybe 2019. Still, lots of kids getting into the market based on this possibility.
Don't forget: you buy the rumour and sell the news. Not sure we have many retail traders entering the market yet and smart money is, well, smart. I do think we are close to the bottom. We might have seen it already but even if we have one final hurrah!, I don't think we will go much lower than 5500 and even that will be short and maybe no more than a wick.
I put some info in the chart. I am sure you can figure it out. I need to go get me some new orthopaedic shoes. Been dancing too much, celebrating my recent profits.
Oh, kids, be careful with these alts. They might be lagging behind Mr. Bitcoin for a long time if we break out. Don't say Grandma didn't warn you!
(It says that the H&S would retrace to 6.5 but that should be 5.5. Too tired to correct the chart. You can use Typex on your screen.)
