Its the last Friday of the month and many people get paid today, end of month. For example, i just paid my cleaner and i gave her a Christmas bonus. Imagine this happening all over the world, I noticed that bitcoin is traveling up the steady growth channel. If it breaks up 15500 it will go and up and alts are probably drop down their gains from today. If BTC...
I would bet the the corrections continues into the blue zone, thats is where I rebuy. Money on alts is somewhat safe at gaining bit coin value you expect your overall USD value to drop. Be careful as there is a double bottom, and inverse H&S that is forming on lower timeframes Good luck! Merry christmas!
Looking to me that bitcoin has move away from the rising parabolic channel and is correcting. Expecting a bit of a bounce here and then maybe more of a sell off. If we go higher then we may be able to break away from it. I wouldn't sell now and would wait for the correction
Making millionaires in some parts I'd imagine
My thoughts are: we retrace until 1000 then start the 3rd leg to 1890. Hope you enjoy the ride
OK after the last parabolic action we are seeing a new set of supports established. Supports are red channels going up and green is resistance, I have identified 2 sell areas as the circles, Personally seeing the action lately of bitcoin I'd choose the highest. Could be a zone of sell as it reaches 15K and the furtures markets decide to short the Market. Targets...
Remember that this is a coin that lots of people mine, and experiences quite a few pumps. Just looks like its start a second leg of a wave on a longer timeframe. it one of my personal favourites