Bitcoin notches record close above 16600 - 20K this week? Sure looks like it

in bitcoin •  7 years ago  (edited)

'Sup homies?

What a bloody awesome time to be in crypto eh? Was only a few weeks ago Bitcoin crossed 10K and the next big figure is only a hop, skip and a jump away. I'm seeing 20K next couple days - easy done.

The only bad thing about this ... is there is pretty much nothing to chart. Thing has essentially gone parabolic. I'll throw a fib in for good measure:

Initial resistance is yesterday's all time high at 17450, with a break above there targeting 20K. Initial support is 16600 (previous record close), followed by former daily high resistance at 15750.

Lots of us were worried we'd get a classic "buy the rumour, sell the news" reaction to the futures launch, but haven't seen anything of the sort. Could still happen, so be wary, but 20K is looking like a given right now.

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on the some exchange it was 20k :)

A triumphant return to blogging for the man!

Welcome back mate, now get some consistency going.

Just 20k, you're quite pessimistic 😂 100k or a million at least 😜

the 100k/1 million whatever calls were at one point ridiculous ... is it more expensive than Saffron yet? How do you weigh data?

I just trust McAffee. He basically bet his dick on Bitcoin being at 1M $ in 2020 😂 No man would do that without being 100% sure, right?

I think I promised to do that at one point ... lucky EOS has come good :D

Every day I don't buy it goes up.
You're welcome.

Just hold off for one more day, thanks ;-)

@bulleth From your mouth to GOD's Ears.......

Haha ... Before Xmas .. I will sell around 19~20dec ... Surely correction will happen after xmas

May well do yeah, kind of like the Black Friday sell off. I remember laughing at at guy who predicted that with certainty two months prior, he was spot on though. Should probably find him and apologise. Then again, I was more critiquing his confidence level than the call it self. Nothing is certain in this game :)

Absolutely uncertain .. but still money following cryptos

@sarahah, You know if you look into SALT Tokens you can borrow against your Crypto and you don't have to Sell your Assets..................

Really ? Interesting fact. .. thank you

or people tell their family and friends about it and it'll spike even more :)

Hey buddy - how's tricks?

@bulleth I just keep moving forward everyday and put a Smile on your Face. Be Kind to others.......

That's the way mate :)

Do you hold Bitcoin? If you do, when would you start to sell?

Sadly not holding any atm :(

fluctuation.. up or down

Sell Before Xmas buy after xmas

Is going to keep going up. Lest hope!

Cannot agree more mate
@bulleth
I posted when it got to $9k, next day it was $10k and next I posted same week is $17k! Btc is on a rocket ride which reminds me of a new coin making waves pre exchange which is Elyte (www.elyte.io) excellent white list with promo, visible team, very low circulation and total supply. Folks re getting innovative ! Thanks for sharing. Upped

Hey Ken, thanks for the tip re: Elyte - I'll check it out :)

On that note, have a look at VENSEEED on Bitshares. Extremely limited pre-sale with 50% bonus, token/ICO side of things is still conceptual, hence the generous bonus, but biz model is sound and biz already profitable. Can't say much more at this stage ;)

Sure. Will have a look. Thanks

I hope it stay up forever to 20k by end of the year.

  ·  7 years ago (edited)

I believe the futures have actually set a strong base. The added liquidity could have been a negative (at first). But, the large majority looking for buys is a very important sign. This will give a stabalizing effect and in my opinion by May we will be above 25,000

  ·  7 years ago (edited)

And from what I've seen base should be around 13,500. Might dip below quickly but I don't believe we see a close under that mark

Yep, looks like it. Myself and a lot of others were worried about institutional shorting and the same sort of manipulative, stop hunting/false break/persistently ranging behaviour so common in forex and other traditional markets. Crypto trading is simple compared to these markets, TA works extremely well - hopefully it stays that way!

Yeah, I agree though I've been trading fx for years, successfully. I think that they dont have enough money in yet to do those things. When we have multiple exchanges it will be more manipulated. But, they wont control it like other markets.

Same, though I rarely trade FX manually any more as it is more work for less returns. Are you active on forex twitter?

  ·  7 years ago (edited)

I am not, I make only a few trades a year. This year I made 8 trades. I trade in extremely overbought or oversold with very established resistance /support situations. And ,I only trade dollar pairs with aud, jpy, cad,eur, gbp. Generally going for 500 pips or more

Cool what are your thoughts on AUDUSD atm? Textbook bounce off 78.6 and wedge bottom but ... FED tonight means no more positive swap ... could sink it semi-permanently

I'm also telling everyone that will listen about a mid level bio tech company called omeros symbol (omer). I believe it is the best investment I've ever found. I think it's set to become one of the largest pharma companies in the world. I did an outline, with no numbers on my blog. If you are also interested in stocks give a look. If it sounds interesting read the transcripts of their Q3 report(they held a conference) it has all numbers and specifics.

Thanks for the tip mate, just crypto, forex and the odd index CFD for me though!

I hear ya. 300,000 to 400,000 lots in fx. That's my main thing mid term farily large trades. But, just read my outline post. I believe it will be top 3 pharma company in 3 years. Right now $20 a share only 46 million float. I have several call options for 2020. I will retire off this stock. Set to run for a good six years. After i cash my first options i will re-invest half again, in option for 2 more years#life changer

Surely, there's a mass sell down coming before Xmas. Even traders like to have a peaceful Christmas :-P

Yep, wouldn't mind one my self - been a crazy year!

I'd almost bet my house on a correction before Xmas. Of course, I'd then sell that house ready for the pump early in the New Year. (Chinese New Year that is)

I have a feeling that you are correct even if it goes under a correction i doubt it'll fall past 12k interesting to see what happens.I would like a healthy correction though to gather up some more bitcoin

  ·  7 years ago (edited)

Definitely, I think the problem all the way up has been the corrections are extremely swift rather than prolonged structural corrections - for example the Friday/Saturday correction was a near perfect 38.2% correction. That is very standard bull market correction, but when it happens in two days, it's hard to muster up the balls to buy it.