mikeownow

The Law Of Averages.

Long
BITFINEX:BTCUSD   Bitcoin
There is still not good locations for me to hit, to get a new average, as the price has swung around, so I am sticking to the old average I have been. The more time goes by, the harder it will get for bitcoin to ever drop to 6,000 again. It would take something fairly catastrophic to go sub that, I have seen many calling for insanely low numbers, but with no good reason for those numbers to come to fruition. Every day we go sideways, we drop more and more below the average pattern from early to mid late last year. Unless bitcoin is just done, we will see a surge at some point. We are already late for it, very late. Many of these people waiting for 3k bitcoin, will get left in the dust. If bitcoin ever hits 3k, its not their wish coming true, its the death of crypto, that would put most investors at a massive lost, at this point, judging by the volume, it would put 90% of people at a loss. That would be it, no more bitcoin.

So if you think bitcoin is just done for, then get off the charts, do something ell's and wait for it to hit 3k and come back and say I told you so but bitcoin and crypto currency has a long history of surprising everyone, over and over and over and over again, and somehow, it still surprises people when it goes psychotic. It doesn't surprise me though.

Brace your self, because soon many will be saying wow, I don't believe it.
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