SHEESH …. all I can say.
and, objectively, STRICLY LOOKING AT THE CHARTS, this sure looks/smells like 3rd of a 3rd action so I’m updating my count.
it BLEW THRU the first two targets at 23K and 34K and now I’m eyeing 43-45L and 51K
does this mean the run in bitcoin is over – I DO NOT think so.
as you can see, I believe we have higher to go, much higher.
coming up w/ targets allows one to manage risk and, potentially, pyramid for doubling or tripling of prices in the future.
what should we expect – VERY violent and liquidating corrective moves (operative saying – corrective) to give one an opportunity to ADD their to ones position.
for those w/ an equity only account here’s GBTC the Bitcoin Investment Trust. nice target hit (a 1.27 extension and 3.142 projection) w/ a pullback occurring – BUT look at the size of the candle and the appropriate volume. glad SOMETHING respected a level (LOL) but don’t think it’s the end of this wave – yet.
bitcoin … who’d a thunk it.
good weekend to all of you – Bart
