Bitcoin fell a little further than I expected but has now finally broken out to the upside. I have remained Bullish despite the drop through support at $2120 which was nothing more than a shakeout. We now have a sign of strength, a bullish engulfing candle on good volume. Momentum is still up with plenty of upside left on the MACD.
We can now consider the entire trading range since June as a re-accumulation phase. From the low of the AR to the Buying Climax the range was about $860. If we take this price spread and apply it to the breakout point we have a price target of at least $3840. Hopefully STEEM catches a bid soon! GL Traders
I think its time everyone realize Bitcoin is and will remain king.
With that said I will also say that, a LOT of money can be made in the crypto world, its no different then the penny stocks.
You have some that are just going to remain at the top, and you have some that you can invest into on the dips, buy and then sell...
Either way, Bitcoin is the top contender, but I will keep on investing into Etherium, litecoin and some others I believe will stay on top and move higher.
Don't just sit on the side lines here folks, time is now to grab silver, gold and crypto while the deals are there!!
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Well said. Ripple is looking like it has some good upside potential
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There is definitely a possibility that it could go as high as 5 thousand, but I'd be careful buying in right now because it may be at a peak and about to lower back down to 3000ish or lower! Thanks for the article! :)
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Of course, that's a possibility. We could get some more chop but ultimately $3800 is a first PT and then $5000 is also doable. Thx
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welcome to steemit!! See my account you will like!!
https://steemit.com/@orlanperzy
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do you think that bitcoin will hit your level this year?
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Its possible
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