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Analysis: Ethereum is on a run, Bitcoin surpasses $1600 (+Ripple & Litecoin)

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Analysis: Ethereum is on a run, Bitcoin surpasses $1600 (+Ripple & Litecoin)

Introduction

This article was posted on Friday, 07:42, UTC.

Bitcoin Bitcoin has surpassed our target of $1500 a few days earlier than I anticipated. While I think it is clear that higher prices, maybe much higher prices, are in store for this asset in the months to come, it is likely a good time to take profits if you are a short-term trader.  I will go out on a limb here and suggest that this coin is ripe for a significant correction – soon. There is clearly A LOT of new money coming into cryptocoins of all flavors these days. This cryptocoin bull market is far from over, I…

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Jim Fredrickson

Jim Fredrickson

Jim has an MBA from the University of Southern California. He has had a long career in both Corporate Finance and IT. Along the way he discovered that trading was a vehicle with great promise, but struggled for a long time without a mentor. After having been knocked down many times and having struggled to get back up, he had an epiphany and realized that geometry was a solution. He shares his experience here. If you do well as a result of suggestions made here, feel free to say thank you :) BTC: 1FUq3GB1Q8zz2JpuBr7YHzVBKnaWoxgmya Follow him on Twitter (@jimfred1276) or email him at jimfred1276 at gmail.

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