BTC weakness

in bitcoin •  7 years ago 

BTC has fallen far enough to raise concern for a further pull back. Should it close today under 18770 it will close out of up momentum on daily charts. On 4 hour charts is has already gone into down momentum with significant upside resistance at 18800. Likely downside retracement levels are 16900 and then 14250. Trading back above 19250 would negate this action but things look like a consolidation down move is started. The next week will be critical in this developing so stay tuned,

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The buy wall is strong. Yes hope BTC falls so I can buy more. Hope it falls to $9,000.00 and I will back up the truck but I know it will never drop below $15,000.00 again

Never is a long time. A lot of clouds in this space and no one really knows what technology innovations are ahead of us so. BTC has the edge for now and perhaps for ever but my 40 years of trading have seen some amazing failures. Diversification is a good idea. May not have the highest return but usually a bit safer/

I agree, I am very well diverse in the crypto portfolio (not just BTC). I also highly recommend physical gold/silver, good real estate and some cash ( 3 months worth of expenses).

jetblake while silver and gold have historical value I expect that in an EMP event the most valuable things one can have are food seeds like carrots broccoli and others, a water source, power generation even on a small scale for lights and communications and medical knowledge of natural base treatments. If this happens it will be a very ugly situation. My homestead has all of this.

Yes the best is to be as self sufficient as possible. My #1 goal is to get off the grid. I hope to be so by the end of 2018

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