This user was banned for violating the House Rules. The ban is for social activity only - participating in public chats, publishing ideas, commenting and so on. The ban has no effect on the functionality of the platform.
As much as I love bitcoin and am 100% long term bullish in this space.
We have to put things into perspective.
Bitcoin has had an incredible 3 year bull run, and can still go further. However, the price currently sits under the 200 daily moving average. (The last time this happened was in the summer of 2014)
Should the price of bitcoin rise above the 200dma and...
What will we do next?
(1) Price breaks out of resistance and starts a mid-term bull run
(2) Price gets rejected from resistance and returns to low $7000's for more accumulation
(3) Price gets rejected from resistance and breaks down to $4000-$5000 level.
QASH has broken out of the previous triangle drawn, and reached the $2 target.
QASH is currently going through more consolidation. I recommend to buy QASH in the $1.00-$1.50 price range.
I expect QASH to reach the $4 target over the next few months. Though, in the long term I expect QASH to go much higher, and consider it a strong long-term hold.