Viva_la_Grischa

BTC next stop 50k by end of February?

Long
KRAKEN:BTCUSD   Bitcoin
It looks like BTC had an ABCEDE correction from 8th to 27th of January. Since then, the pitchfork suggests that the trend might have changed again and we could be in a new uptrend which could bring us to 50k this time. I also remain cautiously optimistic for Alts. In general, Alts tend to consolidate when BTC makes a further move up. Nevertheless, my impression is that the whole crypto market is in a strong uptrend and even if we have some consolidation it might only be temporary. So I do not see a reason to get rid off my alts, except some casual profit taking from time to time.
Disclaimer: I do not provide personal investment advice, please do your own research.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.