The Unwinding Of A Blow Off Top
Hello all,
I sure hope you were able to take advantage of my warnings of both a fundamental catalyst price seemed to be running into (does anyone know the actual price of the auctioned coins yet?) and the hallmarks of a blow-off top. My twitter feed is a cool running log of the whole rally and of course site members had loads of fun through this whole thing. I have to say, they have made me proud!
For now, I recon we are in 'clean up' phase and this will undoubtedly take some time to both find a footing and then build a base for further rallies. Since Bitcoin does have a big fundamental event to look forward to in mid 2016, I wouldn't be surprised to see these recent highs both tested and exceeded down the road. For now I am cooling my proverbial jets and enjoying the remarkable ride both we (TRI's accounts) and our many followers/students have enjoyed. This chart has been a good road map for us and suggests we may get interested in buying again in and around the $250 to $300 area. But make no mistake about it, the path to that level won't be in a straight line.....lol
Brian
aka The Rational Investor
therationalinvestor.co/
Twitter: CRInvestor
p.s. new school term starts in just 8 weeks, let me know if you wanna go from amateur to professional and I will help :)
I sure hope you were able to take advantage of my warnings of both a fundamental catalyst price seemed to be running into (does anyone know the actual price of the auctioned coins yet?) and the hallmarks of a blow-off top. My twitter feed is a cool running log of the whole rally and of course site members had loads of fun through this whole thing. I have to say, they have made me proud!
For now, I recon we are in 'clean up' phase and this will undoubtedly take some time to both find a footing and then build a base for further rallies. Since Bitcoin does have a big fundamental event to look forward to in mid 2016, I wouldn't be surprised to see these recent highs both tested and exceeded down the road. For now I am cooling my proverbial jets and enjoying the remarkable ride both we (TRI's accounts) and our many followers/students have enjoyed. This chart has been a good road map for us and suggests we may get interested in buying again in and around the $250 to $300 area. But make no mistake about it, the path to that level won't be in a straight line.....lol
Brian
aka The Rational Investor
therationalinvestor.co/
Twitter: CRInvestor
p.s. new school term starts in just 8 weeks, let me know if you wanna go from amateur to professional and I will help :)
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.