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My thoughts on bitcoin price and where its headed...

PersianBody19

PersianBody19

Member
Hello all,

This is completely unrelated to AAS but decided to post on here because have bitcoin’s current price point. I also thought this can help out people to make some pocket change (and it helps out the sellers on here)

To give a little background info I’m a college student and have been day trading cryptocurrency since 2016. I do a lot of technical analysis on cryptocurrency and fundamental analysis as well. I want to keep this as short as possible mainly because I know people hate reading essays.I can’t really post charts on here unless I put a huge explanation below it.

With that being said:

I am projecting Bitcoin to top out at 72k-80k in the next few weeks, I cannot predict a certain date. Currently myself I have been purchasing decent amounts in the low 30k’s all the way till now (36k).

I know a lot of people probably won’t listen to college student but I’m curious to know in the next few weeks what’s going to happen. I’m not a financial advisor but I recommend just to get a 100 bucks worth of BTC, thats all.
 
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EnhancedGrappler

EnhancedGrappler

Administrator
Staff member
Administrator
What are the technical indicators you see that lead to believe it will spike to 72-80k within a number of weeks?
 
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PersianBody19

PersianBody19

Member
@EnhancedGrappler

the biggest indicator I see is a heavily built support zone on the current price point and minimal consolidation. In a crypto market its very volatile, so from the current price to the expected price is only a 103% increase so I wouldn’t necessarily call it a “spike”. looking just recently on Jan. 25th to 15th Feb. it increased 100% ( in less than 3ish weeks). Not saying it will do this next week or that you should empty ur bank account on this. This is just my conviction and that putting 100 bucks on something won’t kill anyone.
 
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PersianBody19

PersianBody19

Member
not saying it will go straight up, there will be resistance at the 52-55k, and at the last ATH of 64.9k.
 
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chimpanzee19

chimpanzee19

Active member
I suspect you’re right, not sure about within the next few weeks, but who knows. Following the rainbow chart myself, planning to sell around $78k or so depending on how it looks and then dump it all in at a lower price, but before it starts to candle.
 
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PersianBody19

PersianBody19

Member
@chimpanzee19

that’s a nice plan, currently, I’m heavier in a variety of Altcoins, most of which in XRP. time-consuming to purchase because of the legal issues going on right now but hopefully it clears out and in the alt cycle it reaches $9-13.
 
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bodybuildingfan111

New member
It always shoots back up. I wonder what that annoying Youtuber, don’t even want to mention his name, who keeps making videos claiming this is the end has planned as an agenda. For those who are wondering, tech guy, used to work at Google, extremely annoying and cringe, if you like him you’re more than likely a fucking idiot.
 
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bodybuildingfan111

New member
@PersianBody19 said in My thoughts on bitcoin price and where its headed...:
@Justintime85

lol just wait, time only gets better from here.
Click to expand...
This is when weak hands will sell, people who got into crypto from the FUD will panic sell, etc…

Time to hold, if you can, make smart trades when you see moments of volatility. These are going to be happy times!

By the way another person spreading misinformation is Edward Snowden himself, from seeing what he says in his video its more conspiratorial in nature, made me realize he really (surprisingly) doesn’t understand the technical aspects of cryptocurrencies.
 
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PersianBody19

PersianBody19

Member
I am looking optimistic no matter how bad the news is at this very moment. This is a shakeout event. The market always tends to do the opposite of what people expect. I am not a financial advisor, but I have seen this before in 2013 & 3x worse in 2017.
 
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Forthewin1123

New member
I recently started investing … about 18 months total now… seeing all my stocks tank right around or after the election and have not really bounce back at all… is depressing… could be I habe bad stocks ya know… and recently watching my crypto plummet is rough… to go from 2 grand in the black to a grand in the red is difficult. But I’m holding… do I knkw what.im doing not so much… but I rather sit and wait and hopefully not lose a grand… worse case I lose more but I hate to sell now and feel stupid in a month or so
 
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PersianBody19

PersianBody19

Member
@Forthewin1123

Yeah, I completely know what it’s like to be in your shoes, and as of this moment with media & retail investors (us) the fear is pretty high. based on charts I can see a backtest of the low 30k coming back until further upward movement presses. I can’t predict anything & nobody can, but I can plan and react to what is occurring, hopefully, the narrative changed in the oncoming weeks.
  • I am not a financial advisor I am just a regular guy
 
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PersianBody19

PersianBody19

Member
hopefully, by the end of the day tmmr we will close near 40 as it’s the monthly candle.

for anybody keeping up with this
 
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PersianBody19

PersianBody19

Member
If you still even keep up this is my current stance…

That took forever just to get from the bottom upward, still have work to do through retracements but it’s better than being at the bottom, lots of optimism this week for the XRP/crypto court case this Friday so essentially till next week.
 
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