5000 USD Box is near part 2
In the post yesterday i was writing about MY channel.
https://steemit.com/bitcoin/@tuvokhl/5000-usd-box-is-near-bitcoin-of-course
right click on picture and show graphic...
Now we hit this channel at the top.
@tonevays (not active now but hopefully soon)
is discribing some 9 in the numerical indicator (day-chart) today and yesterday.
We also hit the channel on the top.
Maybe we now ride at the top of this channel or get some little pull back.
Buy and HODL.
But i closed my long positions for now and wait for a better entry the next days.
If you understand wrong. I convert my profits into bitcoin and hold.
Its possible to go long with bitcoin on some exchanges. Then you hold your
bitcoin and get profits while price is rising.
DISCLAIMER
This is not a finacial advice.
Noobs just buy bitcoin and not look at the price.
Learn all about bitcoin instead.
Trading is very difficult and you need to learn a lot.
I am just a beginner. So dont trust me!!!
Update: do we hit the yellow box in the next hours!? But stay in the channel!
Nice analysis. Let's all hold on for the ride! Gave this one a resteem. Best of luck.
It is possible that we hit $5000 this month.
That we hit $5000 (at some point) i think everybody knows :-) but its more difficult to tell WHEN we will hit it.
Definitely possible BUT if we face a sharp retracement it could take 3-4 weeks to recover to that $5,000 mark. Bitcoin is reaching a wider audience now and I think we might be on the track to mass adoption. Prices may never sink below $1500-2000 again :(
We also had a cap between 1300USD and 1900USD. I think bitcoin price is now jumping the next cap from 2900USD to ????USD. Price under 2000USD is finished. Even under 3000USD in my view. Because even in mainstream they talk more and more about bitcoin. Could be realy that we jump 2x-2.5x the next weeks till september. My chart is only 1h-chart gambling. Weekly and mounthly is hold and long.
Why Steem also low price
Because its relativly new. And only 300k users. By and of the year it will be only 700k. The inflation of steem is now 9,5% so its not that much IF this blockchain keeps getting bigger and bigger and people will buy into power the price of 1steem will be maybe like 100usd in some years but there are so many changes now. who knows.
I will keep powering up. I dont care about the price. I more care about the power.
Nice tips !
Bitcoin prices continue to skyrocket ... possibly continue to rise.
i m just thinking how far it can go...very good analysis by you. Thank you.
depends on timeframe.... in 2018 we will be above 10kUSD at some point.
can it ever correct to 1500/2000 range....how can a pair be so bullish...everything in the history of trading goes through a cyclic process.....in this way it cant afford to from a bubble in the upper range...i cant say exact time....one day it will bleed like anything..
You can't compare BTC to resources that have been around for hundreds of years. Every commodity out there, bar petrol, has been traded for too long to show a pattern like this. BTC is a new resource and it will not match any other commodity out there, it will continue to rise, go beyond its value with a lot of hype, and yes eventually will be replaced by a better blockchain or better technology, but i do not think it is realistic to apply technical analysis to BTC the same as other commodities. You need to add the factor that it is a brand new resource.
See this is what happened with oil when cars were introduced to the mainstream... it had a massive spike initially
The people who dont own bitcoin but want to buy are increasing. The people that hodl bitcoin are massiv. It will be the worldsreserve currency maybe. states and banks didnt even start buying bitcoin. they will at stable price above 10k.
But everybody is allowed to wait like this guy...
excellent post
Nice post @tuvokhl. resteeming
Everyone who thought Bitcoin will tank, are now confused and sad that they didn't invest in it. :P
still early. price is cheap. In far perspective you should be aware of this.
https://steemit.com/bitcoin/@tuvokhl/when-the-believe-being-worth-of-100000usd
Hoping for the best. :)
yes it is right but please give me someone advice that i have to buy some alt coin please share some best coin ,i have lose almost 1 BTC in last 2 month in DGB and sc coin ,
I hold only 2 altcoins. Zcash and Cloakcoin. I will hold them until they got 0 value or go up a lot (4x-5x btc value). I like them and hodl them like bitcoin.
DISCLAIMER this is not a financial advice. YOU should only invest what you can afford to lose.
this is not right think
what you mean?
I mean you should invest some other coin i recover by NEO coin
I invest in the coins i think. NEO looks pretty high now maybe some other day. Good luck with neo rocket :-)
Yes very nice best of luck