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I have stated a target for Bitcoin over the next year or two as $25,000. I’d like to backpedal on this and change that to around $35,000, not because I have faith in Bitcoin (far from it!) but simply because the chart has clarified lately. Given the fact we’re in the $70,000s right now, this adjustment matters just about zilch.
Yesterday I went long BITI in order to take advantage of Bitcoin’s projected drop. This investment has worked out well over the long course of its one-day tenure.
I have left crypto alone for a while, but I’d like to at least anticipate when I would be interested in putting on a trade. I’ll start with Ethereum, which I believe could rally until it hits that dashed blue line (at $2600 or thereabouts).
With Rneo at an undisclosed location, comments are awfully quiet, so I’ll stop using comment quantity as my signal for a new post and just plunge forward: below is Bitcoin, which is having a very strong day. The $75,000 area (give or take) is the first important level of major resistance which demands watching.
These two again. Listen to the clip, although you’ll probably lose a few IQ points simply by doing so.
