Hello all,
Here is the last update of the day for the Bitcoin
So we did again a new high since my last publication. We touched 5.418$ on Bitfinex.com :
If you read my previous publication, you can see that my analysis and prediction was again :
- CORRECT
- PROFITABLE
Look that printscreen from my previous update :
Now, what can we expect for the Bitcoin?
Here is a long term chart with a new resistance line traced :
The orange line is a long term resistance line for the Bitcoin which started in March of this year.
I will be honnest with you, I don't think we will be able to break this line during that UP trend. So my prediction is that we will try to touch that line and experience a massive correction after. The level of this line is currently around 5850$ but the price level of that line is increasing day after day. So if we continue to have a massive up trend like today, we could touch it in the coming days. The price of that resistance line should be at that moment between 5850 and 6000$.
This is my long term prediction for the bitcoin. We need to experience a new important correction before being able to see the Bitcoin around a possible 8.000-10.000$ level. Can I be wrong ? Sure. I'm explaining you what my analysis is showing me but never forget that it is not an exact science.
Take care all and enjoy this new high,
Cryptopassion.io
Disclaimer : Never invest more than what you can afford to loose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Version française ici : [FR] BTC - MISE A JOUR - 5400$ touché comme prévu - A quoi devons-nous nous attendre?
As always, simply put with a lot of clarity, great and accurate analysis.
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Thank you my friend.
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I agree...
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I bought 1 BTC in Feb 2014 and wanted to sell it a year later, so glad I never got to do that. When do you think it comes to a selling point?
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It really depends your timeframe. If it is for a very long term, just keep it. If you want sell it soon and perhaps buy one back cheaper later, I think that between 5500 and 6000$ is a good price. The correction that we will have after the new high should bring us back in the 3000-4000$.
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To be honest, I forgot about the whole thing until a colleague told me how much they've risen the past year. I only invested about $300. I guess it wouldn't hurt to sell a bit at that stage and keep the rest for later. Thanks.
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If you have time to sit on the computer the whole day than I would recommend you to do day trading. I usually sell after it breaks the 24 hours high and put the buy order little higher than the average price, so that way I make few hundreds everytime. It's very normal for crypto like BTC to go up and down by 50-100 every 30 minutes. You can take advantage if you are on the computer all day long.
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I totally agree that we are gonna see 10K, but I am pretty convinced that the timeframe is a bit longer than what most bulls expect. Too much uncertaincy right now...nobody really knows what the fork will do to BTC price..at least in the near future..What if it fails, what if Russia bans exchanges and other countries get the same idea??
I know that maybe technicals are pointing up, but I believe fundamentals are pointing down...at least till we confirm a succesful fork, and till we see what happens with Russia....
Then again...what if China begins to hand out licenses, and exchanges start operating again??
What to be now...bear or bull??
Of course I am a BULL.....we ARE gonna se 10K...but it will take time until we reach the right level of mass adoption
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This is what I am thinking. I also think a lot of this bubble is new noobs who will be shaken out once they realize BTG is a scam and many details of the upcoming fork are still up in the air.
It may only lose 15% but with so many strong altcoin projects listing at 3-4 month lows looking at big advancements (the first real decentralized markets and exchanges are right around the corner) I'm taking my BCH, BTC and LTC profits back to alts asap.
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Well, I made a fun post about Dragon ball Vegeta forecast bitcoin.
Is just a fun, also realistic.
https://steemit.com/bitcoin/@umbertoraiola/vegeta-speak-about-bitcoin
I will be not surprise to see BTC over 9000 on January 2018
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thanks for the article makes a lot of sense. I see it going to $6,000 but I think it will correct first but the long term trend is definitely up
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Wow! BTC to the moon.. Those that left...hmm
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Haha I mentioned the same thing here this morning. I'm sure a lot of people had sell orders at that first fib level which is why it hit it and bounced back down.
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This is highly educative... I love your prediction, for me, I believe BTC could even still perform better than we all predict. With the high level of Investment been made on, I am expecting it to hit $5000 before the year ends.
Its a crypto-currency, anything can happen. Steady Flunctuations, Greater prospects for investment.
Thanks for sharing this, it is so kind of you.
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Uh did you realize that we are already over 5000?
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Congratulations! This post has been upvoted from the communal account, @minnowsupport, by CryptoPassion from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
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Well put, I agree anything could happen from here...
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i hope it goes up
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Will reach $ 10,000
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Very good analysis! You were correct expecting the break of the resistance. The Gartley I found was wrong. I am happy with this. Keep on with your good job! See you soon!
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here's what to expect. It will probably go over 6.000$. Then the fork will happen. Then this time everyone will try to sell their bitcoin gold, but since everyone will be trying to sell it, it will go anywhere. Then everybody will be like, damn i was an idiot to sell my altcoins so cheap for this shit and will try to rebuy their alts, possibly for a higher price than what they sold. So the alts will eventually go up again, probably higher than before.
Most people will have lost money during this process, some will get lucky though and make small or big gains. In the long term, the only gainers will be professional traders and people who actually follow the simplest and most effective strategy which is to HODL
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Keep your spam outside my publications....
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