Bitcoin is going to make us rich!!!! haha
With OMG shooting up to over the 1 billion dollar mark for market cap, there is no doubt that it will be back. The market cap is sitting right under 650 million. Cliff High has predicted this to be a coin that will have somewhere up towards 30,000% returns. Sounds ridiculous. Ive got my bag though.
With world wide adoption set to occur over the next decade, many have reason to believe that cryptocurrencies are no where near being close to a bubble. Technical Analysis can be very hard to predict. With the speed of recognition and adoption exponentially growing everyday, it is hard to say that Ethereum will ever go back down to test the 200 or 90 dollar...
When the world wakes up to the power of Bitcoin, they will eventually be led to litecoin. When they realize how much faster and cheaper they can send transactions, I believe Litecoin will capture its share of the market cap.
This series of nonsense cannot be used for any sort of financial advise. Ive simply drawn lines at levels of support. My analysis rarely holds true. So if you have any pointers , they will be greatly apprecieated.
I don't know anything anymore. just lines and 6.18's.
I like to buy dips..I don't know what the usd value of these two are going to do, but this chart looks prime to collect more btc...just my opinion.
I understand the concept of Hodling. I've been burned trying to short BTC so many times. This was all before I began paying attention to technical analysis. Of course we are in an overall bull market. But why would you not sell a little bit of your profits to be able to buy more than what you had when an inevitable correction happens? I have learned enough first...