BTCUSD has smashed through the 5000 psychological level to new record highs above 5400. Though this isn't the biggest one day rally in percentage terms, it is a new record in dollar terms. Rally was $615 from the open to the close, vs the previous record of $612 set back in July:
What's even more astounding is the volume traded: though yesterday's volume pales in comparison to the September 15 reversal, it's still a 4 week record and it's very rare we see this kind of volume this far into a rally.
Wowzer ... wish I'd just bought against the low like I mused in yesterday's post. Oh well better late than never: long 1.4 coins from around 5100. Scrapped EOS long to play this.
The break above 5000 opens up the path higher to 6000 and beyond. We have an equal legs target at 6124, followed by the 161.8 extension of the China correction just shy of 6200:
Don't want to get too far ahead of ourselves, but the next extension target takes us to within an inch of $7000:
Kudos to anyone who bought the lows last month - you're laughing XD
Team Aus footer by the amazing @bearone
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lulz
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Aussie's still call their dollar a dollar?
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I call it toilet paper.
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Bit spiky and traction lacking I reckon
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Brilliant post @bulleth. You are calling this unprecedented moment in history in near real time! Amazing to see this unfold and good on you for identifying the trend and getting long.
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img credz: pixabay.com
Nice, you got a 4.8% @minnowbooster upgoat, thanks to @bulleth
Want a boost? Minnowbooster's got your back!
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It's been a crazy ride that's for sure!
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Lambos for everyone!
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lulz
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Lol. You might need more than one.
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Yeah I'm only long 1.4 so need it to to a good 200K before I can even get a used one :(
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Thanks for that info and graphs
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This post has received a 1.99 % upvote from @booster thanks to: @bulleth.
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wow this is great.
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Totally agree. Crossing the $5K line is a psychological triumph for many Bitcoin investors/traders.
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Yeah man, crazy rip. We were setup for a reversal after the latest leg up. Instead BTC ripped something sick!
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Great info! Upvoted and Following!
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Great post, I appreciate your work, I'm a 20 years experienced trader from Italy, I leave you my upvote and follow, it would be an honor to have you among my own followers!
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Hello @bulleth
i just saw this today via @bania's , if Btc is racing towards $10k as predicted, what advise can you give on Litecoin as it is now 6years old and the price still relatively low?...Would love to have a private chat with you on discord or steemchat
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