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CryptoManiac101
12 Th04 2018 19:50

BITCOIN BTC - Alternative View - Will we break or drop? 

Bitcoin / United States DollarCoinbase

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Chart is self explanatory BTC/USD

Invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.

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It is looking much better. We are riding over resistance line. I attrubute this mostly to the current politics in the world. First abrupt price rise I attribute completely on value of dollar drop. Finally the formation of support I attribute to recent news in politics in relation to Middle East. These news cause people to move their money from banks into cryptocurrency because in the worst case scenario, banks won't be there to provide you with money, where as your wallet will still have value.
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alistaircanvin
Thanks for the perspective. 'Trade Active', so youre Shorting it?
CryptoManiac101
@alistaircanvin, We don't invest in Bitcoin
lj_4b
We will break this resistance definitely, coz it just what people don't expect, after a tons of bearish ideas. If it will not it is fine. Anyway me just sitting and waiting for whatever direction confirmation :)
ThumbSkin
@lj_4b, Ive been thinking this same thing for awhile. Just wen people think a coin is dead.... boom
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