While everyone on here is just drawing a bunch of random squiggly lines with a paintbrush and drawing big green up arrows right beside big red down arrows... and saying, "the price is either going to break out and go way up, or it's going to break down and go way down," I figure that I would add my own randomly generated "dice throw" of an analysis based on absolutely nothing but my hopes and fears and emotions.
THE PRICE IS GOING UP, YOU FOOLS! BUY!
You will be the same thing about a year or two from now when the price drops down to $50k-$60k from $350,000 anyway. So why not buy it now and watch the ride up. You know you're going to miss the big sell opportunity at the top because you will all be full of hoping and endorphins and dreams of many Lamborghinis by that time... But hey... At least you'll get to enjoy the ride up.
From a technical perspective, the 1 week RSI has not reached even 70 yet. While the daily RSI is at 70 already, that only confirms a strong uptrend on the daily chart. The first major resistance past the ATH is at about $85. It will most likely get rejected there since it appears we will NOT be rejected at this $64k level.
I predict a bounce back to $64k after reaching $85k. So undoubtedly you will get another chance to buy at this level ONE MORE TIME before the fun ride to $350k.
THE PRICE IS GOING UP, YOU FOOLS! BUY!
You will be the same thing about a year or two from now when the price drops down to $50k-$60k from $350,000 anyway. So why not buy it now and watch the ride up. You know you're going to miss the big sell opportunity at the top because you will all be full of hoping and endorphins and dreams of many Lamborghinis by that time... But hey... At least you'll get to enjoy the ride up.
From a technical perspective, the 1 week RSI has not reached even 70 yet. While the daily RSI is at 70 already, that only confirms a strong uptrend on the daily chart. The first major resistance past the ATH is at about $85. It will most likely get rejected there since it appears we will NOT be rejected at this $64k level.
I predict a bounce back to $64k after reaching $85k. So undoubtedly you will get another chance to buy at this level ONE MORE TIME before the fun ride to $350k.
