I hear a lot of paid groups are bearish on BTC, or draw a really crappy head and shoulder's pattern on BTC. Let's take the head and shoulder's pattern floating around right now. This is purely conditional IF it were to break 10k, the it's this awkward sideways type H&S pattern that would have formed and some folks would have gotten lucky. I however believe BTC is merely at a massive support and going to continue higher.
This is best illustrated with GBTC, the symbol on the OTC exchange. It is currently sitting on a MASSIVE support and has a lot of indicators turning up. This will drive the entire market higher, GBTC to $16 and BTC to around 15-16k.
Happy trading and hodling folks. It's gonna get real very quick.
Sherem, Great call! In fact, perfect call from what I can see. I took some profits today at 17.49 in my IRA account where the trading doesn't affect the tax consequences. Are you expecting a pullback eventually before another break higher? Thanks for sharing your opinions!
Sherem
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@FranktheTank4, Yes, but I don't know if it's worth selling to try and time it right now though. That's what I have been debating. Ultimately, we could see it double from here. Is it worth selling it to try to time that? I am not sure...
PetrusdeCourtrai
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Excellent idea !
ttk100
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this guy is same same but different, just faster and before. Like both your opinions. His one is on the was already and broke out....
SunnyHillCapital
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Trendline holding well, lets see how it unfolds. Thanks for sharing!