quantguy

Bitcoin Smashes Profit Targets!! What's Next?

Long
BITSTAMP:BTCUSD   Bitcoin
Bitcoin has already hit our next profit target at $41.9K. This is a Fibonacci extension level, and BTC just keeps sniping them one by one. The next target is $44.9K. We saw some volatility which is anticipated after so many days of aggressive growth. There has not been a single significant retracement for weeks. If you do fomo into a trade, consider that it could dip down to $34.7K easily, so you may end up holding the trade underwater for a bit, but there is nothing to suggest the bull run is over or anywhere near over.

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