Updated Targets For Bitcoin

June 17, 2019

Ryan Wilday, cryptocurrency technician at the Elliot Wave Trader website joined me today to share his new targets for Bitcoin. After the run so far this year he is looking to $13,000 as an immediate upside target with the low $6,000 as a downside target.

Click here to visit the Elliot Wave Trader site and follow along with what Ryan is writing about.

    Jun 17, 2019 17:00 PM

    BTC is over $9K currently. but in my opinion, Bitcoin cash and Litecoin will outperform.

    Manipulation is heavy in Bitcoin, and exchanges are still a major problem.

    Jun 17, 2019 17:03 PM

    Ethereum, of course, still has the most accepted platform upon with applications may be built. (While veritaseum works away hard behind the scenes.)

    Jun 17, 2019 17:48 PM

    I prefer 600 oz of silver to 1 Bitcoin.

      Jun 18, 2019 18:41 PM


        Jun 18, 2019 18:43 PM

        Ponzi scheme ……jmo

          Jun 18, 2019 18:46 PM

          Zucky …..will be scamming everyone with his new coin…..

            Jun 18, 2019 18:49 PM

            I bet the govt deepstate crappers, will have zucky put a micro chip in the coin….
            then going across borders will be a travelers , get out of dodge, bs nite mare.

            Jun 18, 2019 18:55 PM

            Block and CHain…… about all you are going to get out of BITCON…

    Jun 17, 2019 17:24 PM

    Overstock @ six year low, might be a way to play Bitcoin rise. Patrick Byrne has been rebuilding the company into a block-chain centered company that takes away the middleman and tokenizes stocks, bonds, land titles ,etc , through Medici ventures.. His father was JohnJ. Byrne that transformed Geico into what it is today. Many great videos on u-tube that explains what they are trying to accomplish. Its out of salt lake, with a strong Mormon influence. Howard Hughs always used Mormons in his business ventures.In the summer of 2017 it went to about 90 dollars and followed Bitcoins spectacular move to $20,000. It looks cheap.

    Jun 17, 2019 17:58 PM

    I get the utility of Blockchain as a measure of account but what I don’t get is how that in any way gives Bitcoin any value in itself. As CFS notes manipulation is heavy in Bitcoin and exchanges remain a problem.

    Jun 17, 2019 17:44 PM

    Nigel, some of the benefits of cryptos include:

    Ability to cross borders without limitation by customs and governments.
    (Try and take more than 10K in currency across a border.)

    Cryptos may survive a banking system collapse. (Notice “may” not “will”)

    Transference speed much faster than banking swift system speed and cryptos fees smaller.

    The problems with cryptos, hover, include volatility, safety from hacking, and exchange back to fiat.