RE: BTC22 Apr 2018 20:37
Hiyaaaaa Ma5k!!
A weewhile back you called BC down to abt 5k or lower I think but it bounced from the 6.5k level or so. With your proposed call for BC to now hit 5K by June, can I say that what's more significant possibly is what is it is going to do in beweeen now and then first?
Last week, we saw extensive liquidity being pumped into the markets by the US (Fed) via QT which is why the indices, as expected, dropped.
However, from my understanding and from the reading I have undertaken, BC is expected to rise next to 10-12k+, not drop. Surely, it would thus be more pertinent, or at least accurate, to acknowledge this aspect c.f. solely stating BC *could* be heading towards 5K in June as it protrays a slightly incomplete picture?
If of course, you do not see a rise to 10-12k, then your prediction is complete w.r.t what you see via your tech analysis and that's fair enough.....:)
I however, personally, wld be going long in general first *if* I were courageous / stupid (insert whichever!) to trade BC.....! Ive read the invalidation is at 6k-ish level at which point it wld go lower but until then, the bounce is currently on.....
I guess we will have to wait for it to play out but if it were me I would be going long on BC currently first, in general, not short.................at least until 10-12k......and then reassess ;) AIMHO.................
PS Watch it tank to 5k this week just to truly show me up (pah!!), haha!!
If so, I will simply blame it on Stuponic...;)
And also WTHDIK..............zero, nada, nothing, nowt.............:)