Bitcoin Update: As bullish as I am, I am expecting a correction!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
With the Fed falling over themselves dovish (although without actions thus far), I do expect a correction based on the chart patterns.
Weekend market breakdown and trade ideas:

The course is free with the Weekend Deepdive subscription for a short period of time
Good video. I agree with all you points and analysis.

1. Bitcoin is a reserve asset like gold - I very much believe this. Maybe even better because it is easily stored, easily moved, and unable to be counterfeit. Also it is finite in quantity. A HUGE plus.
2. I'm looking at the long term as well. At least a year plus from today maybe a couple.
3. I definitely think we could pull back as low as $3,400ish before taking off.
4. Either way is fine with me but I would actually prefer a pull back so I can add to my position.

All-in-all I pretty much see things as you do. My only difference is I am more of an owner of Bitcoin and not a trader at this point. I could care less what the day to day ticks are so long as my final objectives are reached.

Thanks for the analysis.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out