If you were waiting to buy Bitcoin on a dip here it comes...
Set your buys at $3000-$3400
What not to do:
-Don't get caught up in all the China FUD... Bitcoin is here to stay.
-Don't listen to Jamie Dimon, CEO of JPMorgan, this is the 3rd or 4th time he's called Bitcoin a fraud yet he paid billions of dollars for being apart of the financial crisis of 2008.
What to look forward to:
-Regulation is a good thing whether you like it or not. It will clear things up and bring more money into crypto.
-Buying everything you can before China comes back into play driving the market up. You have an opportunity here that you can capitalize on in many ways... from ICOs, to alts, to Bitcoin as Chinese are on the sidelines. Don't forget China makes up a lot of volume...
-"INVEST INTO WHATEVER CHINA BANS"
Things to notice in my charting:
-Red line represents the support on a bigger picture. Even if we go sub $3000 (coming into October) we are still bullish.
-Fibonacci levels show us that Bitcoin is heading to the 38.2% retracement where I imagine many traders and wise investors are looking to buy Bitcoin on the dip. If there isn't enough volume of buyers that come in at this fib level you can expect it to drop to a 50% fib level. I don't think we will, but I am not a prophet and we will have to wait and see.
-The chart tells us that there are HEALTHY retracements on Bitcoin. The end is not near. My word of advice is to HODL and pick up some more Bitcoin on the dips always...
-Stoch RSI shows that Bitcoin was oversold - you could have expected this as the masses panic sell on news.
Outlook on Bitcoin in Q4 of 2017:
-$5000+ Bitcoin highly possible. I believe we will get passed $5000 for a potential rally to $6500 before another pullback. The next stop would be $10,000 after that.
-Understand that more and more people are coming into these markets. Everyday people, hedge funds, traders, etc.... Also remember that Bitcoin has "died" many times in the past. It's been here a decade and survived some BRUTAL headlines and swings in price. If you don't understand the true value of holding Bitcoin and simply just want to dick around with it, you are only cheating yourself. Get educated on crypto and understand that this is a revolution right in front of our eyes.
What not to do:
-Don't get caught up in all the China FUD... Bitcoin is here to stay.
-Don't listen to Jamie Dimon, CEO of JPMorgan, this is the 3rd or 4th time he's called Bitcoin a fraud yet he paid billions of dollars for being apart of the financial crisis of 2008.
What to look forward to:
-Regulation is a good thing whether you like it or not. It will clear things up and bring more money into crypto.
-Buying everything you can before China comes back into play driving the market up. You have an opportunity here that you can capitalize on in many ways... from ICOs, to alts, to Bitcoin as Chinese are on the sidelines. Don't forget China makes up a lot of volume...
-"INVEST INTO WHATEVER CHINA BANS"
Things to notice in my charting:
-Red line represents the support on a bigger picture. Even if we go sub $3000 (coming into October) we are still bullish.
-Fibonacci levels show us that Bitcoin is heading to the 38.2% retracement where I imagine many traders and wise investors are looking to buy Bitcoin on the dip. If there isn't enough volume of buyers that come in at this fib level you can expect it to drop to a 50% fib level. I don't think we will, but I am not a prophet and we will have to wait and see.
-The chart tells us that there are HEALTHY retracements on Bitcoin. The end is not near. My word of advice is to HODL and pick up some more Bitcoin on the dips always...
-Stoch RSI shows that Bitcoin was oversold - you could have expected this as the masses panic sell on news.
Outlook on Bitcoin in Q4 of 2017:
-$5000+ Bitcoin highly possible. I believe we will get passed $5000 for a potential rally to $6500 before another pullback. The next stop would be $10,000 after that.
-Understand that more and more people are coming into these markets. Everyday people, hedge funds, traders, etc.... Also remember that Bitcoin has "died" many times in the past. It's been here a decade and survived some BRUTAL headlines and swings in price. If you don't understand the true value of holding Bitcoin and simply just want to dick around with it, you are only cheating yourself. Get educated on crypto and understand that this is a revolution right in front of our eyes.
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