Lara…. after cycle V is complete, a several year correction is coming right?
Lara
on October 16, 2017 at 9:15 pm
I expect so. Bitcoin is in a massive bubble. I expect it to burst and price to plummet. That will create a fabulous buying opportunity I think.
But for now, the bubble keeps inflating. I’d use that trend line as an indicator of a trend change and a bubble burst. While price remains above that line, each time it corrects is another buying opportunity.
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Thank you Lara for this update.
You’re welcome 🙂
Lara…. after cycle V is complete, a several year correction is coming right?
I expect so. Bitcoin is in a massive bubble. I expect it to burst and price to plummet. That will create a fabulous buying opportunity I think.
But for now, the bubble keeps inflating. I’d use that trend line as an indicator of a trend change and a bubble burst. While price remains above that line, each time it corrects is another buying opportunity.