1. There is a beautiful channel in which BTC went back in. (the pinky red parallels). 2. There is soft stop at 65k and hard stop at 69k. 3. BTC will stay in the channel for a while. 4. Good buying options before it goes out of the channel. 5. Halving may push it upwards and break the channel. The last but not least: Anytime is good to buy BTC.
The American economy was growing at a constant pace (A), and then Corona happened. Now, the economy is rushing back to same places at a higher pace (B). I expect SPX500 to become 4000 in a reasonable time frame. There is definitely motivation from government side, FED wants the same thing, investors are looking for it. Everybody in the world needs a light right...
It is incredible, right? Yes it is. I will write something more incredible. My safe target is : 5.44$. Dont be suprized :)) It is the safe one. My crazy expectation of IOATA is 7$. Therefore, LONG LONG LONG
If the gold reaches to 1269$ target, I believe it is a good opportunity to SHORT it. Momentum is getting low (very slowly) so I expect a rise & fall below 1200$ within 23.08 & 04.10.
THE IDEA: Time to LONG etherium till 314$. Deadline 06.08.2017. REASONS: Now the market is in a tight squeeze and I expect a BOOM afterwards. A BOOM can be in two directions. Therefore in such cases I close my positions and wait to see what will happen next (Pennant Strategy). In this case it is different. I feel that the BOOM will be up, because of 2 things....
Dear fellow investors, let's say a company will pay divided and you have seen a health regression trend right before the split; what do you expect next? 1st of August is the day for a bitcoin fork. Eventually, we will have BTC (XBT) and Bitcoin Cash (BCH). Clients holding Bitcoin (XBT) at the time of the fork will be credited with an equal amount of Bitcoin Cash...
Now a clear channel for fall trend is appeared on the chart. If the fall trend continues, we may see ETH touch down to 102$ or even worst below 3-digits. However I dont see it will be a long term problem. Even though price of ether goes down, market cap and other indicators are still healthy. One should always remember BTC is the first Crypto Currency, and it is...
ETH may recess to 295$, but then I expect a good run till 391$. 288$ should be stop loss, and if it brokes, ETH may recess to 258$. Just check the buy signal, and then enjoy a good long run.