#BTCUSD: crypto market down trend has ended
Updated
Bitcoin is sitting right at long term support. With everyone feeling scared or waiting to buy lower, the time is ripe for long term acquisition. The same is true of #ETHUSD.
The last biweekly down trend signal will expire by April but the target has already been met at the very bottom.
My clients and me have been buying for some time now, and trading around short term volatility with a bullish bias. Don't miss out on the opportunities that lie ahead.
If we did indeed bottom we will retest the 6400 area after basing in this range for enough time for big players to accumulate and absorb supply from weak hands.
After that level is hit, if we stay above it, we may break out of it and confirm the new long term bull run has begun.
By then, targets in the 40k+ range become possible, with targets as high as 1m (or just shy of it, so that McAfee loses his manhood) by the end of 2020 are logical as long as the market holds above 6400+-.
Best of luck!
Ivan Labrie.
The last biweekly down trend signal will expire by April but the target has already been met at the very bottom.
My clients and me have been buying for some time now, and trading around short term volatility with a bullish bias. Don't miss out on the opportunities that lie ahead.
If we did indeed bottom we will retest the 6400 area after basing in this range for enough time for big players to accumulate and absorb supply from weak hands.
After that level is hit, if we stay above it, we may break out of it and confirm the new long term bull run has begun.
By then, targets in the 40k+ range become possible, with targets as high as 1m (or just shy of it, so that McAfee loses his manhood) by the end of 2020 are logical as long as the market holds above 6400+-.
Best of luck!
Ivan Labrie.
Note
Up nicely already...Interesting news flow...
zerohedge.com/news/2019-01-14/chinas-capital-outflows-are-suddenly-soaring-again-and-why-great-news-cryptos
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ivanlabrie.substack.com/
ivanlabrie.substack.com/
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