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hello everyone Luffy trader here and at the time of this recording it's late evening here in London on the 27th of September 2017 heading into the early hours of the 28th well appreciated the warm heads up in the signal channel today always a pleasure and what a day it's been for Bitcoin the horse has well and truly broken the stable doors and as I mentioned in last night's video if price action were to break outside this megaphone is descending broadening which that it would bolt upward and that it has done and I'm glad many of you got in and around the 4k mark if you did well done I did add to my position to at $4,000 and it's now close to the four thousand two hundred mark it's bounced off that as I record this I would expect a little consolidation at this point really it could have gone either way I think by close of day on the 27th had it remained above the 4000 mark that to me is an indication that price is bullish on Bitcoin right now and I would not expect to see any steep correction downward at this point it still remember it's still around 6% down on last month the mood is all two horns in a ring through the nose I think at the moment and that's my short-term view I know a lot of you couldn't care less about crypto and prefer Forex and my advice to you Hodler x' who have taken positions in the crypto market is to hold on to your positions even if the price does decide to swing downwards as I said in chat bitcoin is here to stay an unstoppable force and although price could well take large swings either way the long-term trend in my view is up and so therefore a solid long-term investment so everything crypto was up today most altcoins making significant gains over the seven-day price action with an exception only to Bitcoin cash seems to be struggling to find a foothold in this market I'm I'm so glad that i invested in neo a few weeks ago when it was below half a million Satoshi today climbing up to eight hundred and thirty K a Satoshi effectively doubling my position I bought it right down here at the four six nine K and I'm so glad I did I closed it out at just under seven eight 2k today I thought it was going to bounce down from 800 as it was looking quite oversold at that point but it seemed to have some more steam than I had expected so it did go a bit further but you know hey I did well on it I'm not gonna get crypto right straightaway as a Forex signal provider the market this markets completely different I know how to read a chart but I don't pretend to know the backgrounds to these altcoins and what makes them breathe with neo I I just saw in a few places around the net that people were saying it was cheap to buy in and I kind of just followed the herd on it which brings me to my next query am i falling into crypto and abandoning forex no don't be silly forex is for fogies like me crypto is for the next generation what are we on now Generation Z but you know I can't help but look you know you know what I mean I can't escape the lure of crypto you know it's it's like it's like being a middle-aged man wait I am a middle-aged man that's so take it from me I know from personal experience it's like being a middle-aged man at a suave event and you you want to talk to your other four ex cronies to catch up but then this goddess in a red dress catches your eye from across the room and she approaches you and her name isn't Ruby its Krypto and she's just enticing you she's daring you even just to just you know just to try it on and so you do you know you dip your toe in the water just as I'm doing but I'm no old fool yet you just know you're gonna get burned anyway what now that Bitcoin has made a bold upward toward 4200 should you still get in if you're not in well I really think it's going to consolidate just here for a while if I'm honest it doesn't look overbought you you might see a mild correction I mean there is some resistance here at 4 to $4,200 you might see a mild correction but if I would expect this to rise for you know I would expect this to rise further over the coming days it's a bullish market right now and as long as no serious news breaks and creepy Jamie Dimon and man who tells you all his children are altar boys can keep his trap shut for a longer than five minutes we'll be fine sure it's still quite speculative and many people will tell you will warn you that bitcoin is in a bubble I don't agree with that actually it's volatile sure there are you know there are only 16 million of the buggers out there but I I think you know there is some serious money propping up the crypto market and in my view it's here to stay so if you want to huddle my best advice is buy as much you can afford to lose doesn't matter the price at the moment write down your wallet details and forget about it for a of years for you short-term buffs as long as it stays above $3,800 which was today's low I think we'll stay in bull territory 4200 definitely a mark of resistance if it breaks this I think I'd be looking to add to my position again all right so that's it for me today I'll see you in the next video
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