Bitcoin Price Thread

[Heydrrich]

BTC looks like its ready to break north in a big way.
10K is almost a given with that chart.

View attachment 217864

If its almost a given then I'll short

 

[easymon1]

TO

TO

 

[johnarb]

 

[mlawson71]

Do you guys think it will rally above $10,000 soon?

 

[vanzandt]

Do you guys think it will rally above $10,000 soon?

I think so. Pretty classic breakout type chart. I guess it depends on what one considers 'soon'. Its gotta get through about $9400 with some conviction, it seems sellers are trying to get out and front running that $10K mark to do it. Tbh I don't watch it enough, so I don't have a real good feel for the day to day volume.

And again, I'm just looking at the chart as if it was a stock, which its not obviously, but I think its demonstrating that as more time passes, there's an increased propensity for it to exhibit what one might call standardized classical T/A behavior... probably more-so than stocks really as there are no surprises other than world events. And hacks I guess.

 

[johnarb]

I think so. Pretty classic breakout type chart. I guess it depends on what one considers 'soon'. Its gotta get through about $9400 with some conviction, it seems sellers are trying to get out and front running that $10K mark to do it. Tbh I don't watch it enough, so I don't have a real good feel for the day to day volume.

And again, I'm just looking at the chart as if it was a stock, which its not obviously, but I think its demonstrating that as more time passes, there's an increased propensity for it to exhibit what one might call standardized classical T/A behavior... probably more-so than stocks really as there are no surprises other than world events. And hacks I guess.

The past few months whenever it got to $9K level it pulled back down hard. Lots of traders on Twitter are selling this level and waiting for more confirmation, some are even shorting.

Many are claiming this is related to the coronavirus so we'll see how the news develop and how the price of bitcoin responds. Gold price is also affected.

 

[Pekelo]

When a madman is telling the truth:

https://twitter.com/x/status/1222389224902668288

 

[vanzandt]

The past few months whenever it got to $9K level it pulled back down hard. Lots of traders on Twitter are selling this level and waiting for more confirmation, some are even shorting.

Many are claiming this is related to the coronavirus so we'll see how the news develop and how the price of bitcoin responds. Gold price is also affected.

The more shorts the better 4U.

 

[easymon1]

i Trust Bitcoin?
ii Trust Blockchain?

Post it Here ...
www.elitetrader.com/et/threads/will-blockchain-change-money-and-business-poll.335193/

cued, an as yet not done killer app, here we go

TO

 

[Sprout]

You know what’s a little crazy? Big Numbers are easier to grasp when coupled with something human scaled.

1 million seconds = 11.74 days
1 billion seconds = 31.71 years
1 trillion seconds = 317 centuries

In CBO's projections, the federal budget deficit is $1.0 trillion in 2020

The national debt ~$21 trillion

Let that sink in. This is one of the reasons ‘why bitcoin’