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RE: Following the Bitcoin (BTC) Trendline = Long Term Greed!!
We'll see. I think personally even though this fits very well from a trend/pattern perspective that its unlikely. It keeps us excited during a bear market, waiting however doesn't it..
More likely another further drop will come soon maybe 5k, then end of year/early next year see a nice upward movement maybe 30/40k..
See looking forward to the next rally and seeing the Alts thrive again.
My primary short term count target is $5,200 to $4,700. However that fits still into the trend because it its exactly at that range. So, as an Analyst, I believe this correction is at its terminal phase and in my 21 years of experience, the best time to aggressively buy is at the terminal ends of major corrections.
Yes thinking hopefully done by end of year, looking forward to seeing a nice rally and the Alts to explode as well- been accumulating mainly this year!
My faves are still BTS, STEEM, XVG!
The bottom is near but there is one more lower low towards $5,200 to maybe $4,700 coming; IMHO before a trend reversal.
Yes think you’re likely right, been such a long correction. Looking forward to the end! Still favouring great prices for BTS, Steem & XVG?
The correction is not over yet. It’s at the terminal phase. There is one more lower low towards $5,200 to $4,700 coming as the last capitulation run. It’ll be bone chilling but that’s when I’m buying.