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tchat
Oct 21, 2017 1:32 AM

My two cents on near future BTC price action Long

Bitcoin / U.S. dollarBitstamp

Description

I'm always reticent to call a top -- particularly a new ATH on something as emo-driven as BTC -- so I erred on the side of caution and interjected an "opinion" of $6400. I know this isn't valid TA, but as many arbitrary squiggles as I see hand-drawn on many charts, I figured I'd throw it into the pot. I'm pretty comfortable with the $3600 end of the correction wave, though.
Comments
santavy97
What makes you say "emo-driven"?
tchat
@santavy97, Just that the average consumer of cryptos is, statistically, probably pretty different from analytic TradingView consumers, making them more susceptible to FOMO, YouTube FUD & so forth. Of course it's much less like that than it has been even in the recent past as emotionally-driven gives way to algo-driven.
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