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Thread: Bitcoin

  1. #481

    Default Re: Bitcoin

    Quote Originally Posted by tsptalk View Post
    Bitcoin looks ready for a possible move higher as the inverted H&S completes, and it remains above that old resistance line.

    The inverted H&S can be a continuation pattern when in a downtrend, which may be a problem here. So this isn't a 100% Inverted H&S bottom, but I'm buying here with a pretty tight stop somewhere below the resistance line and the right shoulder.
    The recent breakout above the descending resistance line (yellow) has held so far, and now a cup and handle formation (white) is fully formed. A breakout would give it an initial upside target of about 17,000 and change.

    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.

  2.  
  3. #482

    Join Date
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    Default Re: Bitcoin

    Bought at $8,127.74, but I'm getting it into Litecoin as fast as possible. Really like what Charlie Lee is doing with that coin.

  4.  
  5. #483

    Default Re: Bitcoin

    Nice. I use "mental stops" because of how volatile it is. Hard stops tend to get hit no matter what.

    Anyway, because of that, bitcoin flew below my mental stop quickly, so I'm still holding and taking a pretty good hit on this last trade.
    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.

  6.  
  7. #484

    Join Date
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    Default Re: Bitcoin

    I'm starting to sense that the main leaders for investing have been attacking the cryptocurrency arena and getting the big players in retail to not accept it. Why do I feel that these guys are going to buy in when it drops so they can milk it later. I believe that this technology is so new to the investment community, that they are sabotaging the validity of this technology to push out the pioneers.
    THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
    Tracker =
    Check my position

  8.  
  9. #485

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    Default Re: Bitcoin

    Sorry everyone, I should have warned you... I bought a little Bitcoin yesterday...

    Then, as usual, it dropped 10%+

    I will try to be better at letting y'all know in the future...

    Sent from my Samsung-J7 using Tapatalk
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  10.  
  11. #486

    Default Re: Bitcoin

    Thanks. I'll add you to my indicator list. I already have one set up for myself. Every time I want to buy , I sell - etc.

    Quote Originally Posted by RealMoneyIssues View Post
    Sorry everyone, I should have warned you... I bought a little Bitcoin yesterday...

    Then, as usual, it dropped 10%+

    I will try to be better at letting y'all know in the future...
    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.


  12.  
  13. #487

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    Default Re: Bitcoin

    What is going on????

    Sent from my Samsung-J7 using Tapatalk
    Rules:
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    "Government exists to protect all people’s rights, not some people’s feelings." - A. Barton Hinkle

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  14.  
  15. #488

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    Default Re: Bitcoin

    Quote Originally Posted by RealMoneyIssues View Post
    What is going on????

    Sent from my Samsung-J7 using Tapatalk
    If BC is going to survive, then this should be the final panic selling into a major low. $4738 would be a 61.8% correction...and that also happens to be close to the cost of mining one BC in the U.S....then the measured move up from there would be around $80,000 LOL. I might finally get back in the game and buy GBTC next week if BC does approach $4738.

  16.  
  17. #489

    Join Date
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    Default Re: Bitcoin

    Quote Originally Posted by Tsunami View Post
    If BC is going to survive, then this should be the final panic selling into a major low. $4738 would be a 61.8% correction...and that also happens to be close to the cost of mining one BC in the U.S....then the measured move up from there would be around $80,000 LOL. I might finally get back in the game and buy GBTC next week if BC does approach $4738.
    Ouch, another 40%

    Figures...

    Sent from my Samsung-J7 using Tapatalk
    Rules:
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    - Don't put stuff in your signature that a Mod doesn't like

    "Government exists to protect all people’s rights, not some people’s feelings." - A. Barton Hinkle

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    http://www.SaveUp.com/r/nmJ

  18.  
  19. #490

    Default Re: Bitcoin

    I'll bet John McAfee is squirming.
    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.

  20.  
  21. #491

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    Default Re: Bitcoin

    Quote Originally Posted by RealMoneyIssues View Post
    Ouch, another 40%

    Figures...

    Sent from my Samsung-J7 using Tapatalk
    Might be sooner than later... losing 10-15% a day...

    Sent from my Samsung-J7 using Tapatalk
    Rules:
    - Trade what you see, not what you believe
    - Don't put stuff in your signature that a Mod doesn't like

    "Government exists to protect all people’s rights, not some people’s feelings." - A. Barton Hinkle

    Great Tools:
    http://www.CreditKarma.com
    http://www.Mint.com
    http://www.SaveUp.com/r/nmJ

  22.  
  23. #492

    Join Date
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    Default Re: Bitcoin

    Rules:
    - Trade what you see, not what you believe
    - Don't put stuff in your signature that a Mod doesn't like

    "Government exists to protect all people’s rights, not some people’s feelings." - A. Barton Hinkle

    Great Tools:
    http://www.CreditKarma.com
    http://www.Mint.com
    http://www.SaveUp.com/r/nmJ

  24.  
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