Watch Out Bitcoin (BTC) Holders
Bitcoin could be Topping out Temporary here at $1892.00 area. Expect a Pull-Back to $1630.00 Level.
On a Weekly Candlestick Chart the 7 dma is $340.00 behind the Spot Price. Extremely much.
During this Temporary coming Pull-Back, this Money out of BTC might look for a new Investment idea like Litcoin (LTC), Ether (ETH) or Augur (REP). Good Trading and enjoy the ride.
Money going into the Altcoin area is Start to pick up again.
pulls backs are a sign of a 'healthy' (Bitcoin) economy. Nothing goes straight up. Only inflated assets such a housing prices, shares, etc.
A Pull Back would be Health, you are right. But there is so much Money poring into Bitcoin again today not considering the Altitude of the Price at all which makes me just dizzy.
13:20 ECT: The Price is coming down!
one investment advice: buy when the price is around 2000. Bitcoin will never ever go back to 1000 dollar. Because when bitcoin significantly dips, other people will step in and buy up the bitcoins. probably Chinese and Japanese and other countires in South east Asia