Normally I write about bitcoin once a year, but since my last post in May the cryptos have become a very fast market and now my long term price target of $4246 is being reached. So, I will give a quick update and some new price targets. But first I want to take a look… Continue reading So bitcoin hits my long term target
Tag: Bitcoin
The bitcoin boom
Stocks keep trading with a positive bias and major indexes are reaching new all time highs. Our LT wave for May suggests some weakness is up next. We will find out soon. Here is the current S&P chart: The S&P exceeded its March 1 high yesterday, but it didn’t manage to stay above the 2400… Continue reading The bitcoin boom
Bitcoin wakes up
The market kept climbing last week and didn’t stop for any of the resistance levels we had expected. It’s also not bothering about the current lunar red period. What’s going on? Maybe we are seeing the first positive red period in almost a year. And that would be an indication that the market is starting… Continue reading Bitcoin wakes up
What will replace bitcoin?
It seems like every other site or blog is cranking out an article about bitcoins those days, so let’s do one too. Let me start by telling that I have always been a fan of internet currencies and 15 years ago I was among the first one thousand people to open an account with the… Continue reading What will replace bitcoin?
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