Re: Speculation Rule: buy when others are irrationally pessimistic or too cautious
The correction from $750 due to the fake China scare appears to be a flag pattern. So I am now thinking we may blast right through that cup handle ~$788 and head towards $900.
The (probably complicit) Bitfinex hack and China fake news are probably the Chinaman loading up his wagon with more cheap BTC from shorting. Now time to let it run (up) before the next shorting smash up manipulation.
The (probably complicit) Bitfinex hack and China fake news are probably the Chinaman loading up his wagon with more cheap BTC from shorting. Now time to let it run (up) before the next shorting smash up manipulation.
All the way to test the ATH before 2017 ?
I doubt we'll get that much acceleration, but let's see what happens.
My intuition would lean rather to a pullback before ATH and a breather before reaching an ATH in 2017. But let's see how my reading of the tea leaves changes between now and then.
Let me add that we need to get past $750 first. That isn't certain yet, although looks likely.
What if I told you we are nearly $5 away from $750 according to finex
Could we see $1K at least if not the ATH ?