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RE: Bitcoin TA - summary of analysts - 28. Jan 18

in #cryptocurrency7 years ago

Very helpful!! Of interest is that institutional funds are also now very bullish on bitcoin too, having doubled their long positions and halved their short positions recently. All the analysts seem to be in alignment, which I view as a plus. I'd just caution folks to be careful because that much bullish sentiment can flood money into BTC and shoot it up temporarily, before it dips from a profit-grabbing selloff.

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Absolutely - totally with your comment.

About your last comment - I resteemed a very good article from a friend of @ew-and-patterns. I find that one extraordinary and worth reading in detail. One of the few articles daring to give a long term outlook on bitcoin.

Here is the article