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Are you ready for this next move up? People who read my analysis are. I have been long since this $6,500 area. I have been long with other pairs at similar prices. Let me break down what’s going on right now.
- Spike in XRP, broke its massive trend line
- Spike in BCH, approaching its massive trend line
- Spike in LTC, broke its minor trend line
- ETH/BTC, broke its major trend line
- ETH/USD, broke its minor trend line, in the process of confirming a break of its other one
Bitmain launched one of the largest IPOs. Google is getting lenient on ICOs.
What do you think is going to happen next? BTC will break its major trend line next and move up. You will read it here first. We will move up to $7,500 quickly. From there we will chop around and continue higher to at least 10k. Once it gets to 10k, we’ll see what the charts tell us.
What if I am dead wrong? What if it reverses right after I post this? We are already in profit – it doesn’t matter!
Throw a stop where you are comfortable, and let the market dictate what happens. Personally, I lifted my stops because I am confident we are going to get a move through the next three months. But that’s me! You might not be comfortable with that.
But the choice is yours. I outlined the relevant supports on my chart and even left my previous arrows up that are, so far, dead on.
Don’t get caught in the hype folks. Pick your points. Don’t use leverage. Use a strategy. My followers know I ladder in my positions. I am not right all of the time (no one is) but you can leverage my analysis to supplement your investing. And my track record speaks for itself for bull moves and bear moves. Here are some samples:
Recent 10k Call
ETH 200 Call I Outlined in June and Had My Ladder Strategy Posted Before
Head and Shoulders When Everyone Was Calling for the Moon
The 6k Move to 9K
Double Top Call