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.
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Bitcoin
- Thread starter James48843
- Start date
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.
Frixxxx
Moderator
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
Well-known member
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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Then, as usual, it dropped 10%+
I will try to be better at letting y'all know in the future...
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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. 
RealMoneyIssues
Well-known member
What is going on????
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Tsunami
Well-known member
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
Well-known member
RealMoneyIssues
Well-known member
Might be sooner than later... losing 10-15% a day...
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RealMoneyIssues
Well-known member
Perspective???
RealMoneyIssues
Well-known member
Tom Petty & the Heartbreakers - Free Fallin' - YouTube
https://m.youtube.com/watch?v=JCknEyZnDUU
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https://m.youtube.com/watch?v=JCknEyZnDUU
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RealMoneyIssues
Well-known member
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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RealMoneyIssues
Well-known member
BTC down 5% in some dramatic moves... what did someone not like today???
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
http://www.tsptalk.com/mb/bitcoin-cryptocurrencies/16122-bitcoin-post595535.html#post595535
RealMoneyIssues
Well-known member
SMHI 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
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RealMoneyIssues
Well-known member
So, are cryptocurrencies only trading vehicles or what they claim to be, holders of value?
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