BTC has not been following any particular trend. Three scenarios to expect (1) Stabilises at 8500 - 8700 with slight increment (observe late September to early October) (2) Retraces to .5, 7300 - 7500 (3) Doesn't follow any particular trend but dips to 8k and bull run to 10k by end of year
Considerations - 10k is definitely in sight but expect a few dips before that. (remember when news said it would hit 8k?) - I am expecting the 3rd scenario - Currently, price increase of alt coins (eth) favours scenario (2) & (3)
I sold at $8620. It's entirely possibly it may run to $8,880-9K by the end of the weekend, but I felt there was a better potential for a higher ROI on alts right now.
Box1515
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@Box1515, I'm currently in LTC, ETH and OMG. Looking for 2-3 more to bite on.
ethan_ng
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Did a rough TA on OMG and ETH looks like it will do just as you said. Hoped you entered early :)
However, I'll be cautious of LTC and exit soon if profit has been made.
Also, amazed that you managed to exit BTC at 8620 tho.
Box1515
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@ethan_ng, LTC is looking a bit weary. There's a ton of support in the $84 range though so I'm holding on for now with stop loss set just below. And there goes BTC surprising us as usual by hitting a new ATH yet again.
ethan_ng
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@Box1515, On the topic of Altcoins, do take a look at RCN and POWR. POWR have news coming Monday,may be a good time to enter. Give RCN some time and buy at the dip.
ATH was short-lived and and closing in on MA. Unless it breaks 8700, I will not expect it to go any further.
Box1515
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@ethan_ng, thanks, will do. Missed the POWR trip last time. :/
Box1515
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@ethan_ng, added both to Blockfolio so I can keep an eye on them.
Box1515
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@Box1515, sold my LTC at $86.10. The support that had been following it up every dollar since $83 did not follow to $86. Wasn't sure it was done, but moving on.
Just a tad early