China's actions could soon be seen as bullish rather than bearish on digital currencies...
https://www.financialsense.com/value...what-happening
Thanks nnnut for the video and Tom for the chart. D-7's target was hit perfectly and I grabbed some GBTC this morning in both my IRA and trading account at ~$600.
China's actions could soon be seen as bullish rather than bearish on digital currencies...
https://www.financialsense.com/value...what-happening
100 G
RSI - Relative Strength Indicator DMA - day moving average
Good job selling at $4000. I was looking at a 15 minute chart and a cup and handle formation showed a possible $4100 target yesterday. It only got to about $4045 and I missed a chance to sell. Those 15 minute charts work OK, but not as reliable.
The daily chart still looks just OK, because I didn't like the lower low yesterday. Now if it gets above $4100 it would be a great sign, but that will be a tough area to crack today.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Still holding. That $4100 was the 15 minute chart short-term target on Saturday. Now That's it's made a higher high on the daily chart, I'll hold. Looks like the $4240 area will be the next level of resistance to try to crack, but it's not very strong resistance at this point.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Wow, so I probably should have held but I sold my GBTC in both accounts (20 shares each) at $738-$740 this morning and made over $2K in both accounts, in one day basically. Still holding my 10 ethereum with no plans to sell...I almost bought 10 more over the weekend but it hit my buy price of <$2500 including fees (Coinbase sets a maximum weekly bank transfer limit of $2500 unless you request a higher limit) overnight and I missed it. I need to do that transfer to GDAX....but I also saw over the weekend that Coinbase set up a U.S. dollar account for me that will now eliminate the 3-day hold on buying/selling, so maybe I'll skip the GDAX move.
I also bought ethereum over the weekend.
looking at buying btc again if it gets down to the trend line from July low to the recent low. Have some ETH I've been holding for a few months. Been pretty quiet in the crypto world. Consolidating?
100 G
RSI - Relative Strength Indicator DMA - day moving average
Not much movement the last two days. It is either forming a bull flag, or it just hit a lower high.
I have 2.XX btc coins right now and don't have a warm fuzzy feeling, but that could be a good sign.
I also have some litecoin that's been holding on.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
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