Merry Xmas and Happy New Year!

in cryptocurrency •  7 years ago  (edited)
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

The ripple is much better than 8 days, It's gonna explode like a rocket ship this year. I think it will go over 5 dollars in a month.

Merry Christmas and happy new year 2018 srezz.. appreciate the wisdom shared .. best wishes

All the best to you and your family srezz. It’s been an education reading your posts, much appreciated.

Thank you Srezz, I wish you a merry xmas and a happy new year to you!

Dear Srezz, thanks as always for the update. Happy Christmas to you too, and a very healthy and wonderful 2018!

Merry Christmas & Happy New Year..

Thank you for the update! Best wishes to you!

Thank you all you do is much appreciated! Happy new Year, merry Xmas

Same as above comment. Thank you for sharing. Best wishes to you and your family.

Thank you all for your best wishes.

Merry Christmas and Happy holidays Srezz, Appreciate your guidance and wisdom.

Thank you so much srezz! We can always count on you! Merry Christmas & Happy New Year.

Thanks for your insight this year. Merry Christmas and Happy New Year to you and yours!

you added Neo, thanks sir. have a great holiday!

Merry Christmas and a happy new year srezz appreciate your help .

Merry Christmas Srezz !

BTC pulled back 2k~ before even reaching the 89WMA target @ $16595 ,
and breached support @$13863 ; do you still expect a recovery before year end?

  ·  7 years ago (edited)

Yes, I do. I never said that BTC is going to reach 89WMA target without any pullbacks. What I'm saying is that @89 WMA the prices will stall for quite some time and I expect not only a pullback but a ranging market before we get any higher.

Thank you very much for details !

  ·  7 years ago (edited)

Thank you again!

I would expect rather heavy resistance in the 15-15.5k zone for BTC. Do you think that even if this was the start of a longer and more drastic correction, we would still reach back to 16.5-18.5k first, i.e. that the market is not ready to drop further down from 15-15.5k?

Now with the added incentive through futures, hedge funds might play the market differently than we've seen during the year in general, which makes any predictions even more difficult than usual. So, obviously no-one has a crystal ball and I understand the above isn't so much a personal opinion than a prediction based on quantitative analysis.

  ·  7 years ago (edited)

If you look at my targets the first one is @ 89WMA (brown) - $16595. That is where the strong resistance is and that's where we are going to have a pullback from before we continue higher.

I don't expect any further downside because what we had was a regular Year End profit taking. The down move was exacerbated by the newly available level of leverage and virtually unlimited fiat liquidity through futures.