Bitcoin was a long, long time away from coming on the scene when I stopped regulating the sale of stocks, bonds and mutual funds. But, I'm learning.
Technical analyses and Elliot Wave work suggest that bitcoin could see the $57 - $52k region. The coin will move up 2x-3x. Many crypto stocks will move up multiples of that. And if small cap stocks (IWM) cooperate on the upside (looking bullish at this time) and obscene FOMO takes place, then my outlook here is conservative. If bitcoin moves down to that region, then I will probably add a little to 3 of my existing positions.
I went to lunch Saturday with a friend. He is a smart man who does consulting work with the Department of Energy. He is also investment savvy. When we talked investments, I mentioned the sectors and sub-sectors I'm in and, he was complimentary. I mentioned crypto last. I could interpret that he is not a fan of crypto investing. That's OK because I'm used to it. When I've told others that I invest in crypto, I'm given a hard time about it. After bitcoin went from $25K and broke $50K, I had fun calling them to say that bitcoin broke $50K. And then I could not help myself to ask them "Who knew?" LOL. I will do that again when the coin breaks $100k.
There are lots of skeptics out there. When they develop a case of FOMO, there's no telling how high bitcoin will go.
Well, he is retired now and is a contractor in that agency. More remarkable to me is that he is a brain cancer survivor (5+ years).My biggest surprise is that there is a smart person in the Department of Energy — or any government department.
I wish that chart broke down "white" like they did the others naming their country of ethnicity. Would be interesting to see a break down of English vs German vs Swedish and so forth.The minority myth on full display.
This must be difficult to see for the upper-suburban virtual signalers who like to bathe in empathy as their dopamine fix.
Whoa. Someone has some explaining to do.
Bitcoin went up 16% this week. I'm not sure that qualifies as "explode(ing) higher". But it definitely qualifies as a "good week". I think we are at the accumulation/re-accumulation range. Break 71,000 and we then enter "blue skies" for awhile, imho, if history repeats. Early timeframe is now to August. Typical/expected is Sept/Oct. Late is Nov./Dec. All this is what I "think". I "know" little and claim less.Perfect ABC to 250dma of BTCUSD that held and it bounced off of. The low could be in and, thus, crypto could explode higher next week. Not a prediction nor recommendation. TA is an art. I see what I see. Will watch and see what develops. Already (and been) positioned. Let it explode.
My targets for bitcoin? $150k, $170k, $220k or $300k. Each target must be reevaluated when reached.Trump is the keynote speaker this week at the Bitcoin Conference. If Trump is elected and Fink is chosen as the Head of Treasury, crypto is going through the roof for probably several years to come.
Be careful of price targets. Many heavy hands and personalities will throw out big targets because they want people buying their holdings at $150K-$500K while they cash out.My targets for bitcoin? $150k, $170k, $220k or $300k. Each target must be reevaluated when reached.
lol at blaming FDR and Nixon instead of Reagan.
BTC cooking with gas. Now at 69085.92.
Also Vance is very pro-crypto.The Trump Pump. He's keynote today at the BTC Conference.
Ward,The Trump Pump. He's keynote today at the BTC Conference.
Ward,
NewsMax is covering Trump's speech. They begin broadcasting at 3 pm EST.