Bitcoin

[Rfee]

I am holding on to mine (GBTC actually).
It’s the only thing that is making me $$ this year!

Ditto

 

[Rfee]

Strong bounce off 9100 btc. Took a risk and bought back in @9352.


Sent from my iPad using Tapatalk

 

[Tsunami]

If this Elliott Wave guy's prediction comes to fruition, what an amazing opportunity it would be to buy in now then ride the wave iii of 3 up for the next year or so. That's a big "if" though...

https://www.elliottwavetrader.net/p...ttom-Before-Blasting-Off-201908215453506.html

 

[tsptalk]

Bitcoin has been dropping hard the last couple of days. I'm adding some GBTC today.

https://finance.yahoo.com/quote/GBTC?p=GBTC

 

[tsptalk]

Possible breakout of GBTC today. It's above that falling wedge and the 50-day EMA, but can it hold into the close? Plus it created a big open gap below.

 

[tsptalk]

Getting ugly! It needs to find support here or 5000 is next?

 

[coolhand]

Getting ugly! It needs to find support here or 5000 is next?

I sold my BT before the drop. The chart exhibits a striking similarity to CB manipulation in the stock markets. Relatively fast rally; in this case from May to July, then incremental drops. Pauses are long enough to bring in more bulls before the next leg lower. I will be surprised if support holds at the 7500 level. I think the odds favor a return to 5000. Could be weeks away from it though. Assuming I'm correct.

 

[coolhand]

Crypto is rocking to the upside very quickly right now.

 

[tsptalk]

Crypto is rocking to the upside very quickly right now.

I saw that. My GBTC limit to sell order got hit a few minutes ago... and it kept going up with out me. How dare it!

 

[coolhand]

Shaun over at SGT Report said in an interview with Bob Kudla that the CB has created a paper market to short crypto.

Their reason?

So the market can find its natural price.

Forget about stability. Manipulation reigns.

 

[Tsunami]

I saw that. My GBTC limit to sell order got hit a few minutes ago... and it kept going up with out me. How dare it!

Hmm, I may have bought your shares. I haven't touched GBTC in a couple years but when I saw this morning that BC was rocketing I took a look, and sure enough it had bottomed this week near the long-predicted price of $7500 from a guru that sends me free materials still (Erik Hadik), so I took a flyer and bought 1000 shares at $9.56...happy so far obviously, but with such a massive spike up it could easily drop straight back down in a blink of an eye LOL. It's in my Roth IRA that I like to take chances with, I've been doing well timing trades of TVIX for example....it's nice to have time to do this stuff now that I'm retired!

 

[tsptalk]

1000-points in one day? Wow, but the 50 and 200-days are in the way now. That's just a logical place for a 1-day rally to pause, at least temporarily. Weekend trading should be interesting. Good luck!

 

[Tsunami]

Wow, another squeeze to over $10,000 now.
https://www.coindesk.com/price/bitcoin

 

[tsptalk]

Wow, another squeeze to over $10,000 now.
https://www.coindesk.com/price/bitcoin

Up to $10,300 and now back below $9000. Crazy!

 

[tsptalk]

Another pullback in bitcoin from that spike above $10K in October. I may be biased, since I have a stake in bitcoin, but this looks like a bull flag (red) within another large bull flag (blue) on this weekly chart.

 

[coolhand]

Bitcoin under significant pressure the past few days. Note the 50 dma crossover. I suspect this is a bull flag fail in progress, but we'll see.

 

[tsptalk]

Bitcoin sinks to lowest level since May, falling $3,000 in a month as China accelerates crackdown

https://www.cnbc.com/2019/11/25/bitcoin-sinks-to-a-6-month-low-as-china-accelerates-crackdown.html


I'm still holding GBTC and getting beaten up. at:

 

[tsptalk]

Bitcoin is making another move, and nearing $10,000 again.

 

[tsptalk]

Bitcoin hit, and backed off from, $10,000 again today.

 

[tsptalk]