BITCOIN (BTC) Update: Short Term & BIG PICTURE Analysis
SUMMARY
I strongly recommend this analysis be viewed in video mode as it combines both short term and the BIG picture outlook for Bitcoin.
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Mr. Lee you are a gentleman and a scholar. Thank you for zooming out to the big picture on this one. How easy it was for me to forget this as I anxiously await the direction bitcoin will choose to go next. Breathing easy again, have a good weekend my friend.
Exchanges make money either way.
Why would they bankrupt during the back of the big wave?
Volume to trickle to next to nothing towards the bottom and that bottom could last very long extended time. Who knows, maybe governments will seize exchanges because those who lose fortunes will file suits and force governments to take acitions. During panics, the order channels get stuck and people' orders could mistaknely be sold for pennies. Many reasons.
Most importantly, sentiment will spit on bitcoin at this level of correction.
Very good reasons.
I agree that it would be an event from which there is no easy recovery.
@haejin, you said at around 20:40 that you'll be completely out of Bitcoin and Altcoins... does it also include EOS? Or do you HODL EOS?
You wrote in an earlier post that having 10,000 to 100,000 EOS may change your life.
I don't count EOS as an Altcoin so I'll holding and maybe adding.
Thank you for your great work! :)
Good Point. I believe EOS will rise with Bitcoin during the Wave V rise. How high? Perhaps $4 or so. If Wave V completes and the masive ABC ensues, yes, I'll take my EOS profits.
anything other than Bitcoin is an ALT coin so EOS is an ALT coin also. The reason being all other coins are tied (currently) to Bitcoin, so if bitcoin drops, so do they.
@haejin , great analysis again. Upvoted. Thanks @gold84
Thank you !
Really a great analysis! VTC?