JoeFares

BTC: Where is it heading?

BITSTAMP:BTCUSD   Bitcoin
If BTC manages to break the heavy psychological resistance at $8,000.. We will have the above short-term targets in green!

If BTC fails to break that $8000 resistance, the below targets in red will probably be reached.

BTC has been in a parabolic bull run for the past couple of months. While many are anticipating a correction, it looks like BTC is currently denying all laws of gravity :)

I will enter BTC once it breaks the $8000 resistance. My buy orders will start at $8050!

My money is currently partially in ALTS and USDT. I am personally waiting for BTC to correct and consolidate at a specific price range in order for alts to see massive 50-500% gains like what happened last May. If it doesn't, then I am boarding the BTC spaceship at $8050 :)
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