Rob.Reynolds

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.
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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.
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