Community post
Bitcoin To The Moon?
https://www.youtube.com/watch?v=_5t0pi23s-8&feature=youtu.be
So Bitcoin as continued to go higher is it ready to go even higher. In my last few posts i have been expecting Bitcoin to have a retracement .
Looking at Elliot wave analysis in the above video, bitcoin is in an ascending wedge formation that usually ends with big falls.Is the short term top in for Bitcoin?
These markets are fascinating but scary at times. I personally like to buy not at highs but after retracements.More bargains in the alts in my opinion and ready to bounce back.
Wishing you good health,wealth and prosperity.
Replies (4)
Hodl to the moon
Bitcoin long term heading higher i agree, but i prefer to trade, those 40% falls test my nerves lol. I got out before the last fall and rode the wave up again. At'least with all crypto's hold and they usually come back.
Probably, no-one knows but if some altcoin fail ethereum can be impacted too causes of his implications in token generation. And if ethereum decrease it still good for BTC (it's a lot of "if")
Bitcoin will rise every 60 days for the next 18 plus years. Dips and profit taking is normal and will continue to happen over the years. This is how a normal non manipulated market should behave