Loading ...Bitcoin is dead !!! … REALLY ???
I am not a professional at technical analysis, but if this chart where of Gold or Kirkland Lake Gold some people would suggest it looks pretty bullish ! Bitcoin has sliced through heavy resistance (12 month 6000 level from where it broke down in panic mode last November 2018) as if it where butter and has moved above USD 7000. If you still think Bitcoin is dead and will go to zero, think again ! This next move has just started ! Cycle analysis tell this next move will top around November 2021 at a price level between 150’000 and 250’000 USD. Have a good Sunday !
I continue to trade GBTC successfully, thanks to you and other crypto traders. Strong indeed!
I managed to sell most of my btc investment soon after it peaked (I got in relatively late though). Can’t quite recall, but think I got about 400-500%. Anyway, I’m intrigued by the idea of Crypto, and due to its lack of history, I’m unable to be confident from a charting perspective. I decided to leave a small sum invested, just for the hell of it. I’m back in profit on that now (up 30%). I had a hunch it could surprise (again).
The news on BTC’s demise is greatly exaggerated. My work shows BitCoin found a 4 Year Cycle Low in December 2018. If correct, new ATHs are now expected in the next 4 Year Cycle.
https://surfcity.co/2019/05/12/bitcoin-gbtc-weekend-update-6/