Bitcoin

[tsptalk]

Bitcoin looks ready for a possible move higher as the inverted H&S completes, and it remains above that old resistance line.

The inverted H&S can be a continuation pattern when in a downtrend, which may be a problem here. So this isn't a 100% Inverted H&S bottom, but I'm buying here with a pretty tight stop somewhere below the resistance line and the right shoulder.

The recent breakout above the descending resistance line (yellow) has held so far, and now a cup and handle formation (white) is fully formed. A breakout would give it an initial upside target of about 17,000 and change.

 

[bmneveu]

Bought at $8,127.74, but I'm getting it into Litecoin as fast as possible. Really like what Charlie Lee is doing with that coin.

 

[tsptalk]

Nice. I use "mental stops" because of how volatile it is. Hard stops tend to get hit no matter what.

Anyway, because of that, bitcoin flew below my mental stop quickly, so I'm still holding and taking a pretty good hit on this last trade.

 

[Frixxxx]

I'm starting to sense that the main leaders for investing have been attacking the cryptocurrency arena and getting the big players in retail to not accept it. Why do I feel that these guys are going to buy in when it drops so they can milk it later. I believe that this technology is so new to the investment community, that they are sabotaging the validity of this technology to push out the pioneers.

 

[RealMoneyIssues]

Sorry everyone, I should have warned you... I bought a little Bitcoin yesterday...

Then, as usual, it dropped 10%+

I will try to be better at letting y'all know in the future...

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[tsptalk]

Thanks. I'll add you to my indicator list. I already have one set up for myself. Every time I want to buy , I sell - etc.

Sorry everyone, I should have warned you... I bought a little Bitcoin yesterday...

Then, as usual, it dropped 10%+

I will try to be better at letting y'all know in the future...

 

[RealMoneyIssues]

What is going on????

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[Tsunami]

What is going on????

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If BC is going to survive, then this should be the final panic selling into a major low. $4738 would be a 61.8% correction...and that also happens to be close to the cost of mining one BC in the U.S....then the measured move up from there would be around $80,000 LOL. I might finally get back in the game and buy GBTC next week if BC does approach $4738.

 

[RealMoneyIssues]

If BC is going to survive, then this should be the final panic selling into a major low. $4738 would be a 61.8% correction...and that also happens to be close to the cost of mining one BC in the U.S....then the measured move up from there would be around $80,000 LOL. I might finally get back in the game and buy GBTC next week if BC does approach $4738.

Ouch, another 40%

Figures...

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[tsptalk]

I'll bet John McAfee is squirming.

 

[RealMoneyIssues]

Ouch, another 40%

Figures...

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Might be sooner than later... losing 10-15% a day...

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[RealMoneyIssues]

Perspective???

 

[RealMoneyIssues]

Tom Petty & the Heartbreakers - Free Fallin' - YouTube

https://m.youtube.com/watch?v=JCknEyZnDUU

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[RealMoneyIssues]

If BC is going to survive, then this should be the final panic selling into a major low. $4738 would be a 61.8% correction...and that also happens to be close to the cost of mining one BC in the U.S....then the measured move up from there would be around $80,000 LOL. I might finally get back in the game and buy GBTC next week if BC does approach $4738.

Looks like you prediction is coming true. If it breaks 6k, 4k will be easy. Some are even talking about 2k before June...

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[burrocrat]

 

[RealMoneyIssues]

BTC down 5% in some dramatic moves... what did someone not like today???

 

[tsptalk]

I think John McAfee backed out of his $500,000 target prediction, thus no more reason for it to go higher.


http://www.tsptalk.com/mb/bitcoin-cryptocurrencies/16122-bitcoin-post595535.html#post595535

 

[RealMoneyIssues]

I think John McAfee backed out of his $500,000 target prediction, thus no more reason for it to go higher.


http://www.tsptalk.com/mb/bitcoin-cryptocurrencies/16122-bitcoin-post595535.html#post595535

SMH

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[nnuut]

 

[RealMoneyIssues]

So, are cryptocurrencies only trading vehicles or what they claim to be, holders of value?

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