Erland

Short term drop is within weeks

Erland Updated   
BITSTAMP:BTCUSD   Bitcoin
There is still room for a rise but a pullback is needed for it to continue growing
Comment:
Nothing has changed and targets remain the same with buying 10600 and 16700
Comment:
Again - nothing much has changed on this medium term idea and we are still targeting 25,000-30,000 area for a buy to 57,000 where we will review the situation if there is a drop to 10300-16500 or the rise to 70,000
Comment:
We may spend all summer buying dips before we see another rise late autumn. But as we can see from the chart - the price is behaving almost exactly as predicted.
Comment:
It did rise one more time after my last comment and it has dipped to 30k where it started to rise again providing buying dips.
Comment:
Every dip offered is a buy opportunity. Retail trader with leverage should not buy if they cannot withstand 20-30k drop.

First target should be 80k by end of December- early January.

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