Might go long here, watching very closely. I'm still bearish in general but that doesn't mean there aren't long opportunities. I see similarity with Sept 2017 here, but if it goes up then I don't think it will break 10.5k.
Lots of mixed signals during these times, trades can be risky. I am an amateur and offer no guarantees. Please use your own judgement with your money. Happy days!
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I'm looking for a buy signal. The purple line is a trend support that has now become resistance. If we break this and retest successfully, I'll probably buy.
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sorry that should be PINK line
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It looks like the Head & Shoulders won. I'll keep an eye on this but I won't be trading it now
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For those still interested, it's possible it might still go up though I'm not really following anymore as in the long-term I think we have a long way to go to reach the bottom
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Well it broke out. Imo this is still just a bull trap and a target of 10k still holds for me. I htink a buy in should still be possible between 9 and 9.1. Happy days.
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So the breakout continues. Right now we're just under the 20 MA, which is an important level for me on all intervals. Depending on how we close today, will determine whether this uptrend will continue or whether it is reversed. To be sure I want to see us close above it. However even confirmation of uptrend continuation does not mean that the correction is over.
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Notice how volume has been dropping continuously on the daily as we move to this decisive point - just like previous failed breakouts, this is classic bearish divergence.
You're as beartard as I am bulltard. IMO. I don't see BTC dropping.
RealMcafee
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@Mikelikescrypto, Hey Mike, it might surprise you to know I'm long on this. I think we'll see and abc type move and I'v been waiting for the b-wave, the last fakeouts had me spooked + mixed signals. I don't see this going more than 10 to 11k but I'm always adapting to the market. Beartard? I'v been know to be full bulltard too :P
Mikelikescrypto
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@barclayjames, Hahaha I did read that you were long, but were gonna short I thought. It's not a bad idea to short the resistance but I can't watch this market all night so I'll just do what I've been doing, which is nothing.
I just think that we've only scratched the surface in market penetration. They're starting to accept taxes with crypto, I'd like to see if they sell it off or hold. Without a yearly sell off, what would happen to BTC?
The anticipation is killing meh.
RealMcafee
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@Mikelikescrypto, Interesting I hadn't really thought about that, but I suppose it's possible. Pay taxes with Bitcoin, madness. I do think they'll be a sell off, let's see next 4 or 5 days will tell.
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@barclayjames, actually probably more like 8 to 10 days
Doc-al-Citadel
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thanks johnny ;-)
RealMcafee
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@qdoc, Hope your long on BTC now (not financial advice)
Doc-al-Citadel
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@barclayjames, hey johnny, i don't trade as i think u know so not really know but i'm making a little on alts and other things at. Owned a bitcoin for about a couple hours yesterday!!!
RealMcafee
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@qdoc, I didn't know that, I just sold the BTC anyway will buy back later I hope. Are you watching BCH? I think something might happen on BCHUSD soon.
Doc-al-Citadel
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@barclayjames, yes johnny ain't done fib since high school, but anyway got u for that ;-) I bought 20 bch yesterday but sodl. Yes i think it will get pumped. It always gets pumped ;-)