Support the Wall Street Examiner! Choose your level of support to receive a free proprietary report as my thanks. Click the button below to see your options. Become a Patron!

Bitcoin Will Go To Intrinsic Value, Virgin Will Lead The Way

This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission.

It seems goofy to spend so much time focusing on this $0 revenue, $0 profit, zero customer outfit, but it’s a powerful proxy for the animal spirits of the inexperienced traders out there. Looks like another U-turn has been complete.

Liquidity moves markets!

Follow the money. Find the profits! 

While we’re on the topic of reversals, I also think Bitcoin has totally completed its recovery. The power of that Fibonacci level is plain to see. The next big move will be the resumption of Bitcoin sinking to its intrinsic value.

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

Try Lee Adler's Technical Trader risk free for 90 days! Follow the money. Find the profits!

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.