For all these "experienced" technical wizards to understand Bitcoin is in a 10,000 dollar channel
trending in a 45 degree up channel. Why would some think bitcoin will dive to new year lows when ETHC
and even some questionable crypo keeps rising to crazy levels. Father bitcoin is here to stay IMO. I do not see TESLA. Paypal, Square,GS, and others dumping Bitcoin. Just the opposite and this will continue on weakness in the up channel.
This is not 2013. This is not 2017. Bitcoin is now used in commerce. Then it was not. Bitcoin is an inflation hedge and gold was and to a certain extinct still is. Paper dollars are hot on the printing press. There seems no end of printing paper money.
There is an end of BITCOIN that can ever exist. 21 MILLION and they figure 3-4 million bitcoin are LOST. About 2.3 million Bitcoin are left to be mined. 900 new bitcoin are issued each day. When we reach 21 Milllion coins... no more can be issued. Controlled supply!! buybitcoinworldwide.com/how-many-bitcoins-are-there/
The final bitcoin is expected to be mined in 2040.
The US national debt will hit 30 TRILLION soon. Bitcoin started in 2008 when the National debt was 10 TRILLION.
So look for your head and shoulders, Fibonacci's, and other t/a. You will find them on some of the day and hour moves. When I am tempted to look for weakness, I just look at my long channel slowly trending upward.
Cheers
trending in a 45 degree up channel. Why would some think bitcoin will dive to new year lows when ETHC
and even some questionable crypo keeps rising to crazy levels. Father bitcoin is here to stay IMO. I do not see TESLA. Paypal, Square,GS, and others dumping Bitcoin. Just the opposite and this will continue on weakness in the up channel.
This is not 2013. This is not 2017. Bitcoin is now used in commerce. Then it was not. Bitcoin is an inflation hedge and gold was and to a certain extinct still is. Paper dollars are hot on the printing press. There seems no end of printing paper money.
There is an end of BITCOIN that can ever exist. 21 MILLION and they figure 3-4 million bitcoin are LOST. About 2.3 million Bitcoin are left to be mined. 900 new bitcoin are issued each day. When we reach 21 Milllion coins... no more can be issued. Controlled supply!! buybitcoinworldwide.com/how-many-bitcoins-are-there/
The final bitcoin is expected to be mined in 2040.
The US national debt will hit 30 TRILLION soon. Bitcoin started in 2008 when the National debt was 10 TRILLION.
So look for your head and shoulders, Fibonacci's, and other t/a. You will find them on some of the day and hour moves. When I am tempted to look for weakness, I just look at my long channel slowly trending upward.
Cheers
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.