RE: Bitcoin Technical Analysis - 1/5/17 - Crashing from 1166 to 851?!?!

You are viewing a single comment's thread from:

Bitcoin Technical Analysis - 1/5/17 - Crashing from 1166 to 851?!?!

in bitcoin •  8 years ago 

That breakout has confirmed.
Recognizing key levels becomes so valuable amidst greater volatility. Once a confirmation level is broken, there can easily be $30-50 runups in seconds.

bitcoin
8 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.00
    1 vote
    4
    Authors get paid when people like you upvote their post.
    If you enjoyed what you read here, create your account today and start earning FREE STEEM!
    Sort Order:  
  • Trending
    • [-]
      ·  8 years ago (edited)

    Selling at 992 - this looks local toppish. (bitfinex did not clear the local 994.6 high on its most recent high --> more down!)

    (Check out bit-sim.trade for a free paper-trading bitcoin game - it's a blast!)

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.00
      1 vote
      [-]
        ·  8 years ago 

      Finally got confirmation. The declining volume and failure to breach 994.6 were early indicators, but we dropped to 967 now, on volume.
      I expect the $909 low to be the bottom of this shortest-term wave, at the lowest.
      I will be quick to take profits here, as the upswing should be violent.

      Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

      • Disagreement on rewards
      • Fraud or plagiarism
      • Hate speech or trolling
      • Miscategorized content or spam

      Submit
      $0.00
        1 vote
        [-]
          ·  8 years ago (edited)

        This continues to develop and is being covered live here:
        http://www.youtube.com/user/russeljc79/live

        Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

        • Disagreement on rewards
        • Fraud or plagiarism
        • Hate speech or trolling
        • Miscategorized content or spam

        Submit
        $0.00
          1 vote
          [-]
            ·  8 years ago 

          I exited this position at 970 for a >2% gain.

          Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

          • Disagreement on rewards
          • Fraud or plagiarism
          • Hate speech or trolling
          • Miscategorized content or spam

          Submit
          $0.00
            1 vote