Lukegforex

THOUGHTS ON BTC

Long
BITSTAMP:BTCUSD   Bitcoin
BTC/USD 1W - How we getting on guys, I thought it would benefit those of you who dabble in cryptos. I wanted to share my thoughts with this market and how I see price playing out over the course of the next year.

As you can see I have marked out three areas of Demand, I believe price will absorb the first one and we will see price react from one of the bottom two I have marked out.

With the recent pump we have seen an all time new high be made, following the laws of bullish structure, setting both higher highs and higher lows.

I feel this market will be like our precious metals where as overtime it will appreciate as the future ultimately lies in the hands of online currencies.
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The sheep that bought in during the pump will be too late and be manipulated out during this correction. Remember if and when everyone knows its too late. Wait for your next opportunity and TAKE IT!

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