Hello,
As seen in my last analysis, BTC obvious rejection at the 50 MA weekly.
This will continue to play out, as BTC is overbought and has no more short term upside.
IT WILL come down, and it will bring the alts down with it.
This is okay, this is our one last opportunity to maximize our long term entries.
Whether you are a trader or HODLER, this is our chance to get BTC in the $3000 range for the last time until the imminent zombie apocalypse.
Be prepared to make an entry when BTC makes contact with the 200 SMA, wherever that might take place.
I believe this will coincide with the G20 Summit in Japan, which is June 28th and 29th.
I say this, because Japan is going to have to make something happen when it comes to the currency and payments situation for the 2020 Olympics.
They are a mostly cash only society, and do not have the credit card systems built out or enough cash to support tourism from all over.
An easy and obvious solution will be to use cryptocurrency, which could trigger a bull run if mentioned at all in the G20 Summit.
I believe this will happen, and even if it doesn't I believe crypto will be heading into a bull market and trading between 6-7k end of year.
I also believe this will be the longest bull market we have ever seen in crypto.
I believe maximum upside targets between 300-400k aren't unrealistic, and will be achieved by 2021, 2023 at the latest (on the contrary to Bob Loukas, I don't believe this one has to move as fast as the last, and I don't believe it has to end in the 100k's and in 4 years. It could definitely go 6 years just by looking at the log chart.)
This one is going to take a while, but once it gets rolling its going to make 2017 look like another blip on the radar.
With TD Ameritrade, E-Trade, Fidelity (Charles Schwab short to follow by force of hand) all rolling out crypto custody and trading, and NYSE's BAKKT, this thing won't come crashing down quickly, and it will have more rocket fuel than anything we have seen yet.
Be prepared, do your due diligence, and hold the bag.
Also be prepared to sell the bag. Hypothetically. Because this is not financial advise, only for my own personal pleasure to say I told you so. Thanks.
- CA$HLESS
As seen in my last analysis, BTC obvious rejection at the 50 MA weekly.
This will continue to play out, as BTC is overbought and has no more short term upside.
IT WILL come down, and it will bring the alts down with it.
This is okay, this is our one last opportunity to maximize our long term entries.
Whether you are a trader or HODLER, this is our chance to get BTC in the $3000 range for the last time until the imminent zombie apocalypse.
Be prepared to make an entry when BTC makes contact with the 200 SMA, wherever that might take place.
I believe this will coincide with the G20 Summit in Japan, which is June 28th and 29th.
I say this, because Japan is going to have to make something happen when it comes to the currency and payments situation for the 2020 Olympics.
They are a mostly cash only society, and do not have the credit card systems built out or enough cash to support tourism from all over.
An easy and obvious solution will be to use cryptocurrency, which could trigger a bull run if mentioned at all in the G20 Summit.
I believe this will happen, and even if it doesn't I believe crypto will be heading into a bull market and trading between 6-7k end of year.
I also believe this will be the longest bull market we have ever seen in crypto.
I believe maximum upside targets between 300-400k aren't unrealistic, and will be achieved by 2021, 2023 at the latest (on the contrary to Bob Loukas, I don't believe this one has to move as fast as the last, and I don't believe it has to end in the 100k's and in 4 years. It could definitely go 6 years just by looking at the log chart.)
This one is going to take a while, but once it gets rolling its going to make 2017 look like another blip on the radar.
With TD Ameritrade, E-Trade, Fidelity (Charles Schwab short to follow by force of hand) all rolling out crypto custody and trading, and NYSE's BAKKT, this thing won't come crashing down quickly, and it will have more rocket fuel than anything we have seen yet.
Be prepared, do your due diligence, and hold the bag.
Also be prepared to sell the bag. Hypothetically. Because this is not financial advise, only for my own personal pleasure to say I told you so. Thanks.
- CA$HLESS