$4,000 is sooo likely.. Where we could retrace back to our $6,000 support(Top of the wide red box) or, haha of course.. that $4,000 target may cause some serious panic selling and bring us back to where we were early last summer.. What an amazing summer..
Ethereum had ran from 20$ to 400$.. Bitcoin from 800 to $4,500... Getting back down to these numbers would be extremely healthy.
To the people who invested after August 2017 - HODL on!
This massive run up to $20,000 is just the first wave of a new phase. I've no luck with speculating timing, but the price targets for this cycle are 20k - correction 30k correction 50k correction 80k and a potential extended 5th wave to 100k, a major psychological level, followed by a heavy correction back to 40k? this could take 1 year, this could take 5 years.. or the flying spaghetti monsters might show up and tell us they that It is satoshi..
Fuck the central banks.. Fuck government issued notes. Why do these institutions define money? The are not of nature.
We accept such a horrific system as the norm. Legality is unnatural. We are of nature. There are laws of nature.
My thoughts exactly. The sudden run-up from approximately $6,500 to almost $20,000 was based only on the hype around CBOE and CME future contracts, and as such we should expect prices to come back down, plus maybe a little extra due to panic-selling. If you have some spare time, I would love to read your opinion on my little article here: Market Manipulation or Price Suppression? ... Or none of the above?.
Thanks for the article! Upvoted.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit