Bitcoin Cup And Handle Formation (BUY ALERT!!!)

hotsauceislethal (64)in #bitcoin • 7 years ago (edited)

BUY BITCOIN NOW BEFORE IT'S TOO "LATE"

As we enter another week of fun the Bitcoin prices are starting to look a bit bullish again!

We had a nice taste of volatility before finally rallying back past the $16,000 mark today. If we can break past the previous highs we will be soaring to $20K+

As you can see we have entered somewhat of a cup and handle formation for BTC prices and should see a little pull back (handle) before the next breakout.

In the next week you can expect BTC prices to reach upwards of $20K as we approach Christmas and beyond.

Part of what is driving this price rally is the media attention that Bitcoin has been getting, newly opened futures trading, and wider global adoption.

Another huge reason behind the price rally has been the news of EVEN MORE Bitcoin forks... Yeah no comment.

PRICE TARGET:

$18,950

*Never invest more than you are willing to lose and always do your own research before making any investment decisions.
(All pictures are free domain images from snappygoat.com or created by myself.)

#blockchain #crypto #money #cryptocurrency

7 years ago in #bitcoin by hotsauceislethal (64)

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djohan (66) 7 years ago

I used to own only bitcoins, and then got into altcoins, and I've made gains but then i realize i would have been better off holding bitcoin only. The more i learn the less i know. lol

$0.65

2 votes

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hotsauceislethal (64) 7 years ago

I was the same way earlier this year. I started accumulating alt-coins seriously this summer after I saw the success that Ethereum had. I had actually bought ETH for the first time at $12 and SOLD it at $9 after taking a small loss :( DOH! Yes I would have another $10,000 in my portfolio if I had just held BTC as well... Hindsight is 20/20 but all we can do is make better trading decisions from here on out :)!

$0.63

2 votes

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djohan (66) 7 years ago (edited)

There is a price in learning. So just think of it as the school fee :)

$0.45

2 votes

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pastbastard (53) 7 years ago

But I went "all in" over a year ago....I try to hold a monthly short position and use that to pay the bills. Gotta hedge something just in case. It is nice being able to change that without contacting a bank or broker.

$0.20

3 votes