Not financial advice but I'm hoping that the market will rebound into "recovery" until April to about $139 for $VTI, then I'm liquidating out with an eye on global markets bottoming out with $VTI around $66 in Q1 of 2020.
I'm not a fiduciary, not an economist, not a professional trader. Don't listen to me. Just posting this for personal tracking.
Quantitative Easing (money printing) worked out pretty well so far. But how long will it last? We skipped over the last correction like it wasn't even supposed to happen, but like an island awaiting a volcanic explosion or an overdue earthquake, it's just a matter of time before we see the biggest devastation ever.
That said, ride the bull while it's...
Dumped just in time. Sorry I didn't share with more people when I did.
"Don't look at the TradingView charts for Visa, Dow Jones, the S&P 500, etc. And don't compare it to the last two major crashes. This fine. Move along. Nothing to see. There's lots of money & future growth ahead. At least until August."
10:42 PM - 1 Feb...
stochastic RSI suggests we are heading for the short-term floor, maybe even lower if we feel like going nuts. This time we'll push below $3K.
I'm not a financial/investment advisor. Trade at your own risk.
I don't bank big on predictions--I have orders on both sides--so this opinion will change as the chart changes.
we are now heading back down a downward channel that has broken the long-term up-trend. Watch LTCBTC and BTCUSD to confirm movements. Bitcoin did a dead-cat bounce on the shorts, LTC did the same. I still think Bitcoin is going to see < $3K soon, which will likely pull LTC down with it.
I'm still long-term bullish. Once this downtrend shakes out the weak, we'll...
If China does ban bitcoin exchanges, this will only make Bitcoin more powerful in the future. In the short term, this rumor is a misdirection to keep the falling price of bitcoin going up and down at selected intervals while it completes the full correction down toward ~$2700