A Jim Cramer nod pretty much "assures" lower prices for Bitcoin. But he can't be given full credit when it happens as the technical sentiment indicators are saying Bitcoin isn't even within the earth's atmosphere any longer...as far as price goes. You'll get a nice pullback. A bigger pullback than any of the local advocates are expecting I'm sure. My "advice" would be to just ignore any commentary about future price movements from anyone who paid $500 or less per coin. They aren't even in a position to give a "realistic" opinion about whtehr or not bitcoin is overpriced or not. Bitcoin has gone through 1 50% pullback in the past 5 years, after Mount Gox. With a move like it just had, for someone to say >>> "I don't see where bitcoin has gone too far too fast" just proves they have "zero" understanding of how markets work. I'm posting pricing updates on "actual" bitcoin at my blog using the U.S OTC market exchange traded "proxy" GBTC to determine targets. Don't be surprised to see something like this happen to bitcoin soon.
No guarantees, bro. I hope it does too, but get a little more every so often
A Jim Cramer nod pretty much "assures" lower prices for Bitcoin. But he can't be given full credit when it happens as the technical sentiment indicators are saying Bitcoin isn't even within the earth's atmosphere any longer...as far as price goes. You'll get a nice pullback. A bigger pullback than any of the local advocates are expecting I'm sure. My "advice" would be to just ignore any commentary about future price movements from anyone who paid $500 or less per coin. They aren't even in a position to give a "realistic" opinion about whtehr or not bitcoin is overpriced or not. Bitcoin has gone through 1 50% pullback in the past 5 years, after Mount Gox. With a move like it just had, for someone to say >>> "I don't see where bitcoin has gone too far too fast" just proves they have "zero" understanding of how markets work. I'm posting pricing updates on "actual" bitcoin at my blog using the U.S OTC market exchange traded "proxy" GBTC to determine targets. Don't be surprised to see something like this happen to bitcoin soon.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=btsc&x=57&y=15&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
I predicted a move back to sub .05 in it last week. I'm confident my downside price targets for GBTC (and thus "actual" bitcoin) will be acheived too.