-Don't get caught up in all the China FUD... Bitcoin is here to stay. -Don't listen to Jamie Dimon, CEO of JPMorgan, this is the 3rd or 4th time he's called Bitcoin a fraud yet he paid billions of dollars for being apart of the financial crisis of 2008.
What to look forward to:
-Regulation is a good thing whether you like it or not. It will clear things up and bring more money into crypto. -Buying everything you can before China comes back into play driving the market up. You have an opportunity here that you can capitalize on in many ways... from ICOs, to alts, to Bitcoin as Chinese are on the sidelines. Don't forget China makes up a lot of volume... -"INVEST INTO WHATEVER CHINA BANS"
Things to notice in my charting: -Red line represents the support on a bigger picture. Even if we go sub $3000 (coming into October) we are still bullish. -Fibonacci levels show us that Bitcoin is heading to the 38.2% retracement where I imagine many traders and wise investors are looking to buy Bitcoin on the dip. If there isn't enough volume of buyers that come in at this fib level you can expect it to drop to a 50% fib level. I don't think we will, but I am not a prophet and we will have to wait and see. -The chart tells us that there are HEALTHY retracements on Bitcoin. The end is not near. My word of advice is to HODL and pick up some more Bitcoin on the dips always... -Stoch RSI shows that Bitcoin was oversold - you could have expected this as the masses panic sell on news.
Outlook on Bitcoin in Q4 of 2017: -$5000+ Bitcoin highly possible. I believe we will get passed $5000 for a potential rally to $6500 before another pullback. The next stop would be $10,000 after that. -Understand that more and more people are coming into these markets. Everyday people, hedge funds, traders, etc.... Also remember that Bitcoin has "died" many times in the past. It's been here a decade and survived some BRUTAL headlines and swings in price. If you don't understand the true value of holding Bitcoin and simply just want to dick around with it, you are only cheating yourself. Get educated on crypto and understand that this is a revolution right in front of our eyes.
Jamie Dimon... It's too bad our President, Donald J. Trump, can't set-forth an executive order to seize that f*#ER's assets and wealth and then hog-tie him up and roast his body on a stake and serve him as BBQ Pork at a Whitehouse dinner with Mr. Ben Bernanke, Alan Greenspan and Janet Yellen all invited.
crypt0whale
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@mightytrader, It would be nice. Unfortunately, the banksters have been running the game so long now. They have the power to start wars and control the world essentially. I am a huge Trump supporter and although Trump comes with money he does not come with that lobbyist globalist bullshit.
crypt0whale
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@mightytrader, I agree with you. Trump is anti globalist agenda and anti lobbyism! :)
1. "Don't listen to Jamie Dimon, CEO -0.77% of JPMorgan, this is the 3rd or 4th time he's called Bitcoin a fraud yet he paid billions of dollars for being apart of the financial crisis of 2008. " you are right, he paid last time, he learned from his mistake and now he will not.
2. Don't listen to Jamie Dimon: Warren Buffet, Jamie and other billionaires on one side "Bitcoin is a bubble" vs speculators on another side " Bitcoin is future" Who will win? it's an easy question
3. "INVEST INTO WHATEVER CHINA BANS": Commonsense becomes rarity
4. "I believe we will get passed $5000 for a potential rally to $6500 before another pull back: It actually can happen but sooner or later Bitcoin bubble will burst.
5. "where I imagine many traders and wise investors ": 100% wrong statement. here is investing definition: “An investment operation is one which, upon thorough analysis, promises safety of principal and a satisfactory return". I think you mean speculators