You are viewing a single comment's thread from:
RE: Im Holding All My Trading Capital In USDT/Tether Right Now
BTC has a long standing trendline that I expect it to test. My guess is the 4250 to 4300 area.
If that trendline holds, it is a great buying opportunity. If it breaks, 3500 is the next point of strong support.
Yeah, I agree with you on the nearest support. If we will close the week tomorrow with a negative looking hanging man candlestick, I think we could go down for a couple of weeks.
That wouldnt bother me. I am looking long term so a sharp pullback through most of Sept would give me an opportunity to buy some more at a better price.
I always like that.
yup, this is nothing in a long term perspective
Glad to see you write that. Hard to tell sometimes the timeframe certain people are commenting upon. It is a challenge to follow some people's reads on charts without knowing their perspective. I have gotten in more than one debate over the read of a chart only to later realize we were dealing with different time frames.
right, I have 90% of my cryptos in a long term mode and for me that is 5 years from now. The rest, 10% I do short term trading and that could be anything from a 1-15 day range give or take
Care to share what your projections are on some of the big ones...LTC, BTC, ETH?
Do you believe some of the absurd claims or are you more of a 3-5 times guy over the next 5 years?
Sure, I actually believe in some absurd claims, Im very interested in exponential growth and I believe right now that 0.01% of the global population does own cryptos and I have seen projections for 3% at the end of next year, so this could potentially go bat shit crazy.
Having that said, I dont really have any projections for the big ones, I cant really read the charts that far in the future. But I do believe that Bitcoin could easily reach 10000 before the end of the year.
I think there is the potential for a $250B market cap for cryptocurrencies by Thanksgiving. Hedge funds are being set up all over the place hence some big money is going to start pouring in. Of course, this isnt the average investor money (they are always the last to the party) so I believe the run has a long way to go.