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Thread: Bitcoin

  1. #541

    Join Date
    May 2012
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    Ohio
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    83

    Default Re: Bitcoin

    Quote Originally Posted by uscfanhawaii View Post
    I am holding on to mine (GBTC actually).
    Itís the only thing that is making me $$ this year!
    Ditto

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  3. #542

    Join Date
    May 2012
    Location
    Ohio
    Posts
    83

    Default Re: Bitcoin

    Strong bounce off 9100 btc. Took a risk and bought back in @9352.


    Sent from my iPad using Tapatalk

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  5. #543

    Join Date
    Dec 2009
    Location
    On a Florida beach
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    1,180

    Default Re: Bitcoin

    If this Elliott Wave guy's prediction comes to fruition, what an amazing opportunity it would be to buy in now then ride the wave iii of 3 up for the next year or so. That's a big "if" though...

    https://www.elliottwavetrader.net/p/...215453506.html

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  7. #544

    Default Re: Bitcoin

    Bitcoin has been dropping hard the last couple of days. I'm adding some GBTC today.

    https://finance.yahoo.com/quote/GBTC?p=GBTC

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  9. #545

    Default Re: Bitcoin

    Possible breakout of GBTC today. It's above that falling wedge and the 50-day EMA, but can it hold into the close? Plus it created a big open gap below.


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  11. #546

    Default Re: Bitcoin

    Getting ugly! It needs to find support here or 5000 is next?


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  13. #547

    Join Date
    Oct 2004
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    Default Re: Bitcoin

    Quote Originally Posted by tsptalk View Post
    Getting ugly! It needs to find support here or 5000 is next?

    I sold my BT before the drop. The chart exhibits a striking similarity to CB manipulation in the stock markets. Relatively fast rally; in this case from May to July, then incremental drops. Pauses are long enough to bring in more bulls before the next leg lower. I will be surprised if support holds at the 7500 level. I think the odds favor a return to 5000. Could be weeks away from it though. Assuming I'm correct.

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  15. #548

    Join Date
    Oct 2004
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    Default Re: Bitcoin

    Crypto is rocking to the upside very quickly right now.

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  17. #549

    Default Re: Bitcoin

    Quote Originally Posted by coolhand View Post
    Crypto is rocking to the upside very quickly right now.
    I saw that. My GBTC limit to sell order got hit a few minutes ago... and it kept going up with out me. How dare it!



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  19. #550

    Join Date
    Oct 2004
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    Default Re: Bitcoin

    Shaun over at SGT Report said in an interview with Bob Kudla that the CB has created a paper market to short crypto.

    Their reason?

    So the market can find its natural price.

    Forget about stability. Manipulation reigns.

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  21. #551

    Join Date
    Dec 2009
    Location
    On a Florida beach
    Posts
    1,180

    Default Re: Bitcoin

    Quote Originally Posted by tsptalk View Post
    I saw that. My GBTC limit to sell order got hit a few minutes ago... and it kept going up with out me. How dare it!

    Hmm, I may have bought your shares. I haven't touched GBTC in a couple years but when I saw this morning that BC was rocketing I took a look, and sure enough it had bottomed this week near the long-predicted price of $7500 from a guru that sends me free materials still (Erik Hadik), so I took a flyer and bought 1000 shares at $9.56...happy so far obviously, but with such a massive spike up it could easily drop straight back down in a blink of an eye LOL. It's in my Roth IRA that I like to take chances with, I've been doing well timing trades of TVIX for example....it's nice to have time to do this stuff now that I'm retired!

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  23. #552

    Default Re: Bitcoin

    1000-points in one day? Wow, but the 50 and 200-days are in the way now. That's just a logical place for a 1-day rally to pause, at least temporarily. Weekend trading should be interesting. Good luck!


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