Long Term bullish but we need to return to the mean and NVT shows we are still way overvalued.
Nota
I believe we are currently on a bullish retrace and will test resistance between $7,110-7,500. Alts have been crushed and will fuel this rally like back in April. Then alts will get further murdered on the next lower low. I am a hodlr, not a trader. I work 12 hours a day 7 days a week. I buy and hold. Bitcoin is rekt for the foreseeable future until I would assume February 2019 at the earliest but my bet is still on a long bear market/flat sideways period until end of 2019 or 2020, plenty of time for bitcoin to be deemed a stable currency with low volatility. And time for all of the alts to deliver on their roadmaps. Mass adoption craze will be next and bitcoin will go to $60k, that will be new resistance, then continue bull market to $300-500k and beyond that no one knows. Bitcoin either moons or completely fails, my bet is on mars. End of 2018 and beginning to all of 2019 should be a good time to accumulate crypto IMO and this is my plan.
Nota
Damn I called that top well.Nota
looks like we may drop here shortly to the low $5,000's. BTC has defended $6k all year. I am excited for accumulation. I think we will see bitcoin bottom at $4,200.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.