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.
Digital Asset Trading Service: http://bit.ly/2mRBqql

Macro Trading Service & Performance: http://bit.ly/2mX37xJ

Macro Trading Service: http://bit.ly/2lVSIlW

To automated your portfolio contact trades@mercmethod.com
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.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out