Bitcoin pushing right past $8200 is bullish and BTC is in the expansion phase towards Euphoria

in bitcoin •  7 years ago 

BTC

Pushing right past $8200 is bullish and BTC is in the expansion phase towards Euphoria

I would not expect too many dips and a run to the $11000 range is within sight

I have been selling off my positions on this rise 8000 and will sell 10K and up as I do see this market structure becoming too impulsive and nearing the targets laid out months ago.

I will continue to play the rise on margin and look for any dip close on the 15 min to enter near $8000

With CME futures money coming in we may see a very large amount of big $ shorts on contracts that could sway real spot exchange price , meaning that if more $ is trading directional contracts than is trading spot exchange price then the larger pool of money could determine Bitcoin price.

This adds to my caution in these zones as we come closer to the end of the year which I had already mentioned I thought would be the climax and change of trend.

ETH

Should continue to push towards $400 and will likely breakout from there and continue to the $700 area

This is a large consolidation ascending pattern that price has been in for over 175 days – when it breaks loose it will double in price . All elements are in place for it to rise as well and the weekly looks to be just getting started both on the MACD and the STOCH RSI

This is also the highest weekly open in USD in the history of ETH

EOS

If EOS gets supportive at $2 it will open the door to a rise to the $5 zone

if holding I would continue to hold for at least another week and see if we can turn this resistance zone into support for a push higher

IOTA

Iota looks very strong on hIgh time frames and is worth a hold for at least a few weeks until the weekly grows

Im going to continue to hold and start to take partial profit at $1.50

ZEC

Will continue to hold with partial take profit at $425

This wave of money coming into crypto will likely push towards 1 trillion $ by the end of the year ,this is the wave we have been seeing coming and waiting for, I think we will continue to gain if we hold ETH, EOS , IOTA and ZEC for a few more weeks , maybe longer for ETH. This is where we let our winners ride . After we see the rise in these coins I think then we will see older midcap coins move such as STRAT NXT and BTS

BTC is in the take profit stage for me and putting that U$D profit into high market cap altcoin pairs has seemed to compound gains faster.

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