BTCUSD..
Bitcoin
It has been a hell of a ride for Btc in 2017 going from $990 a coin to a marvelous $20,000 creating massive wealth for the institutional investors and gaining massive fame and along came the equal amount of criticisms for it's bubble and the crtitics were actually true for the first 4 months of this year when bitcoin dipped to a low of $6000 more than 50% from it's high of $20K but it is currently around $9000 recovering itself ... What now ??
Wait , Why am i typing like this ?? And not like the typical cryptocurrency enthuiast like I Am ??
First thing
This is the breakout of an triangle normally in hoola-boola (technical) terms it is an indication that the price has fucken escaped some shitty consolidation and breaked out above it which eventually means that we all are going to be filthy fucken rich ain't it ??? :/ That is all I get right now lol ..
and btw you are all welcome because this post is all you gonna need to become rich till the end of time and you are reallly lucky if you are reading this :)
Second thing ..
This is my bitcoin price action prediction for a year from now . I only think that bitcoin will go to $20,000 once more but it will take a lot of time to do so because the hype is over and this is now serious money as the dumb money got wiped out .. If you think that crypto would be the greatest investment you will ever make only because it is unregulated then you are wrong . Just like a typical market in capitalism the 0.01% of the public are manipulating this thing like hell and it is very easy to do so because of this infantcy of the market I mean the entire worth of all Bitcoin in existence is only $151B which means the top 2 richest persons in the world can buy it out and be left with many billions of dollars to last 4-5 generations :) .. So, the price is what the top dogs decide it to be . If they dump all their coins (probably thousands) then you are doomed . It is the ultimate risk in every market there is but all the top dogs dumping their holdings in crypto is more probable than a major shareholder of a successful corporation ..
Also this ,
This tool called "Ghost Feed" is really pretty cool on investing . com . It can help to actually traced a price action prediction onto the charts . It is like predicting those candlesticks ...
Be sure to check it out though ..
That is all for it is 11 PM here and I had a severe headache for the past 7 days so sorry for not being active here . I promise to be consistent from tomorrow as I am feeling a bit well now (Also Sleepy) lol.,..
Okay Bye ... :) Steem on ..