If they are still holding. BRN typically get big reactions. But you've got this hang up about losing. Any particular reason?
When Will Bitcoin Hit $3,000?
- Thread starter JeffGoldman
- Start date
ETH price back to yesterday prices. BTC back to the prices of a few days ago. Yawn.
The cost of doing nothing and instead message board bitching can be pretty damn high. But then $8.52 in investment capital doesn't go very far even in crypto land.
When the panhandlers take crypto in Dubuque and the Chuckie Cheese actors give crypto advice, you know that it is long in the tooth.
The cost of doing nothing and instead message board bitching can be pretty damn high. But then $8.52 in investment capital doesn't go very far even in crypto land.
When the panhandlers take crypto in Dubuque and the Chuckie Cheese actors give crypto advice, you know that it is long in the tooth.
2400 on BTC-e now, and falling... Using the 6 hours MA, it never made above it. Kind of same with the daily MA....
Bitfinex (where it went above 3000) is below 2300... Another rule is when the price breaks that it always returns to the previous low which was around where it is right now...
Mint is right, I should have shorted it...
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L
lovethetrade
I'm getting ready for the Asian speculators to rally it all the way back up.
ETH is just correcting IMO but BTC is actually bearish now.
BTC could go as low as 1800-2000
ETH is just correcting IMO but BTC is actually bearish now.
BTC could go as low as 1800-2000
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2400 on BTC-e now, and falling... Using the 6 hours MA, it never made above it. Kind of same with the daily MA....
Bitfinex (where it went above 3000) is below 2300... Another rule is when the price breaks that it always returns to the previous low which was around where it is right now...
Mint is right, I should have shorted it...
I saw you call it, what gave it away? The last two corrections? I'm just glad I diversified to a bunch of other alt coins. They're getting dragged, but most are countering btc's fall.
For the record, the overnight low on Bitfinex was 2107 (they have probably the thinnest order book), on Bitstamp 2233, so prediction has already been fullfilled....
TA works with crashes too. I think I based the call on the daily MA, but I forgot which broker's chart I was using. Once we have a big crash, and it bounces the price tends to revisit the crash's low or below. On Bitfinex price bounced from the daily MA (2300) perfectly eventually reaching mid-2700ish where the daily MA acted as resistance, and I figured we will revisit that price and possibly below...
Here check it out:
https://bitcoinwisdom.com/markets/bitfinex/btcusd
Actually if you check the price around the late May crash, on May 26th price also bounced from the daily MA. So when we have to pick one broker to use its chart for TA, Bitfinex looks like a good candidate...
If you switch to the 6 hours timeframe, you can see the price topping just under the MA unable to break it through, that was the time to short it, about 6-7 candles ago...
TA works with crashes too. I think I based the call on the daily MA, but I forgot which broker's chart I was using. Once we have a big crash, and it bounces the price tends to revisit the crash's low or below. On Bitfinex price bounced from the daily MA (2300) perfectly eventually reaching mid-2700ish where the daily MA acted as resistance, and I figured we will revisit that price and possibly below...
Here check it out:
https://bitcoinwisdom.com/markets/bitfinex/btcusd
Actually if you check the price around the late May crash, on May 26th price also bounced from the daily MA. So when we have to pick one broker to use its chart for TA, Bitfinex looks like a good candidate...
If you switch to the 6 hours timeframe, you can see the price topping just under the MA unable to break it through, that was the time to short it, about 6-7 candles ago...
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What's that you say? I was right, the beginning of the end is near... 800 point drop from Monday... I told ya this thing is just a big joke. great article posted below. God, don't investors ever learn. This is just like the tech companies that were "gonna change the world" so many went bust.
At over $2000 per share I never thought this thing could be traded. So, it is a buy and hold? When I think of my money that goes into longer term investments I ask myself what is the product? Do people believe in it? are they making money? Would Warren Buffet own it?
I already posted that one of the original big time BTC investors, a hedge fund manager, dumped his shares about 2 weeks ago.
https://www.fool.com/investing/2017...ver-invest-in-bitcoin-and-you.aspx?yptr=yahoo
At over $2000 per share I never thought this thing could be traded. So, it is a buy and hold? When I think of my money that goes into longer term investments I ask myself what is the product? Do people believe in it? are they making money? Would Warren Buffet own it?
I already posted that one of the original big time BTC investors, a hedge fund manager, dumped his shares about 2 weeks ago.
https://www.fool.com/investing/2017...ver-invest-in-bitcoin-and-you.aspx?yptr=yahoo
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