Joy_Bangla_1979

Once in a lifetime price growth of #bitcoin towards $11,605 +

Joy_Bangla_1979 Updated   
BITMEX:XBTUSD.P   Bitcoin
The massive explosive growth of Bitcoin price on the corner


  • First Target is $11,605
  • Second Target is $15,000
Some consolidation will happen between $15,000-$20,000
And the final target is USD30,000 before Christmas.

The stop loss is USD8,750

Once, BTCUSD price on coinbase goes above 11,600, please raise the stop level to at least breakeven or to a comfortable profitable region.

I am planning on holding this for multi-year long as I do not expect the price to retrace back to 10,000 in next 6 months+ once it crosses USD 11,607USD.

In terms of technicals, you can see everything is screaming positive bullish growth for bitcoin. I won't spend too much time in going deep with each and every indicator.
However, you can see everything is positive with little or no retrace likely.

This is the time for Bitcoin

Long live and prosper.

Once it crosses 10,000, the price movement will be violent. So, just hold tight.

This is just my opinion and you should do your own judgement and not based judgement on me or what I say.

Please follow me. Please follow me on twitter. Please write me comments with whatever thoughts you have on this.
And, please tell me what you think about bitcoin.

If you are interested in me discussing further on this or the indicators, I am happy. Just let me know.
Comment:
n December 2017, the low price of #bitcoin was 9347 USD and the high was $ 20,093. Do remember that if you are shorting #XBTUSD. $BTCUSD is about to blow past the last ATH. And, I would be crazy to short it. Currently, the price is at 9217 USD.

Just HODL is what I am doing in my account.
Comment:
Some are talking about divergence. I see none.

Clearly it shows no bearish divergence.

Comment:
A little retest and some price pullback are not uncommon. However, if I keep the stop loss intact, the final target of price 30,000 USD by year end is possible. That means I am expecting to increase my holding to 7X by year end and that is very conservative.
Trade active:
Buy now. THis is so sweet at this dips. Once it crosses, it will be sweet profit
Trade active:
Putting Stop Loss at 93XX will ensure no loss of capital.

Leverage and everything else is individual.

Target is still at $11605 sometime soon and $30,000 by end of the year

And, yes I might buy more before 10,000. Once 10,000 crosses, the time to buy is gone I suppose unless Price Action says otherwise. Follow me, maybe?
Comment:
Now that price is comfortably up, will it go directly above 10,000. I doubt that. There is a slight chance for this to touch 95xx before 10,000. But then the momentum is strong, 10,000 can be there any more
Comment:
Are you happy?

Target revised up to USD13619.

Please put the stop loss a 9999USD.

Like me on twitter and trading view to stay updated on real time
Comment:
We are just 1000 away from our target 1. DO you want to close and take profit?
I would rather put a stop loss at a comfortable number (example 9999 USD) and let the market run for the next profit target $13,619. Can it reach today? I do not know. Can it fall back to $10,000. I do not know. All I know is that anything is possible. I would not short at this level. Shorting at this level is lethal!
Comment:
I have taken some position. I have bought some Dec contract and running bitcoin. I am just a tad bit worried what if when New York opens on Monday, some big seller dumps taking profit. If that happens, then the price may retrace temporarily. This may cause liquidation hunters to be back. After all, I really do not think price may go below 10,000 USD anytime soon. Then again, what do I know? This is no financial advice for anyone including me.
Comment:
I am not overly excited about the Price Action of the last 24 hours. Once the price crossed 10,000 USD, it did not behave exactly like how I wanted it to behave. I am having this bad feeling. Hence, please keep a stop loss at USD10,100. The market will live. What matters is to ensure we have our capital intact and some profits. Live long and prosper, Bitcoin.

Note: I am not shorting or hedging Bitcoin. You are responsible for your own actions. And, whatever I say should not be used as a basis to make your trades of win or loss.
Trade closed: target reached:
I need some mental days. I suffer from depression. I can not spend time on this market. I have to take time off. Hence, I am closing this. Regards, to everyone.

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