DrJLT

BTCUSD to trade sideways in consolidation?

BITSTAMP:BTCUSD   Bitcoin / Dolar
Yes, I've been talking about BTC             going to 9k next Monday. => Now it appears that this isn't going to happen. The impact of futures market has been overstated only to pump the price up. However, upon reflection I realized that those big money guys who're now multi-millionaires and billionaires simply aren't going to let a major crash happen. Some correction to $13k is possible, but the resilience of BTC             has been impressive.

Some other traders here mention there's bearish divergence -> well, at least on the daily time frame there's none (see chart). After recent sideways movement, the UO oscillator is finally under 70. More days trading in this range will allow it to go under 50 or even 40. That's where a breakout may happen.

Yes, this is crazy & overbought, but probably not a good idea to short bitcoin             .

Check out my website: https://www.jlteng.com
Komen: When new tether is added, there's usually a bump in price. People also tend to move money from alts to BTC to profit from this. Interesting to see how it develops this time.
Komen: After the small climb earlier, perhaps BTC is now in distribution mode, meaning alts may be heading up.
Komen: By the end of Sunday, I think we can expect BTC to be around $20k already. If it reaches this target early (e.g. early Sunday morning), alts will have a rally.
25 ;-)
+1 Balas
Thanks For The Update
Balas
DrJLT qdoc
@qdoc, actually it's probably a bit late :) just noticed that they've already come up. I wasn't looking
Balas
@DrJLT, good for me. I hold a tiny bit of btc for liquidity and as a hedge. But nice to know how the BiTItaniC is doing ;-) ps I'm not expecting any icebergs for a year or two but let's see...
Balas
learned the lesson of shorting BTC before... will never do it again... I guess that the golden rule of trading BTC is to buy the dip and just freaking hold on it...
+1 Balas
DrJLT lzlkenshin
@lzlkenshin, Good thing about BTC is that you can trade with it to chase quicker gains whenever appropriate and avoid fiat altogether.
Balas
It goes a bit deeper I think. It's all an effort to increase the total market cap brother ;-)
+1 Balas
DrJLT qdoc
@qdoc, regardless of the intention, that's the effect :)
Balas
@DrJLT, no worries doc thought a deep thinker like u would like an insight ;-)
+1 Balas
@qdoc, i have a learned friend who also thought big crash coming but I don't see it. Fiat yes. Equities yes. Crypto no. Not for a few years anyhew ;-)
Balas
Bahasa Melayu
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Laman Utama Pengimbas Saham Pengesan Isyarat Forex Pencari isyarat mata wang Crypto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Rumah Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Pengesetan Profil Akaun dan Bil Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikuti Mesej Peribadi Perbualan Log Keluar