Bitcoin ATH crosses $5400.Whats next?
What up Steemians, Hope you had a wonderful time in the rocket ride🚀 i guess many of you involved in cryptocurrency do know the reason why Bitcoin is surging like incredible. One of the main reasons is yea, Bitcoin Gold. So incase you dont know this already, you will most likely be getting free Bitcoin Gold after the October 25 hard-fork and possibly some more during the Segwit 2x hard-fork in November and i'm not 100% sure but i believe that Coinbase does support both the forks. If unsure just download Mycelium Bitcoin Wallet from your Play Store or Apple Store and let it rest there.
As you can see that the RSI is over 80 exactly at the same RSI at 3 other instances it went downhill, Basically when RSI is over 70 it means that the currency/stock...is overbought and it is bound to go down (correct). Well 9/10 times that's the case. But in this case it went past & broke the previous support $5000 broke the previously predicted $5200 mark to $5400 to reach new ATH.
This could correct mostly couple hundred dollars only to go up further because more people now realize that they can get free gold yet again. My holdings in Bitcoin is not so much as much as like to have, had exchanged for alts and of course Steem (please go UP) which now doesn't seems to be the best decision lol. But yea once the commotion about Bitcoin and forks are over money will go back to the alts and we can all be more happy again.
Next stop is $10k 🚀🚀🚀🚀😀😀😀😛
Slowly but surely 😎
Following & Upvoted! Great minds think alike. I count Elliott Waves and show an Expanded Flat A,B,C correction looming:
So tempted to short but ahhh! haha
Yes, me too...but I never short BTC. Too dangerous.
Hmm i do see this to be a good time to short though if not for the fork i'd definitely had.
Personally, I don't short Bitcoin...too dangerous. I know a guy who lost a whopping $300k shortnig Bitcoin in the July correction.
Cool bro. HODL haha
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