Bitcoin Thread

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SaiyanZ said:
Looks like an inverted head and shoulder pattern forming over the last 6 hours. So the tea leaves say sideways between 8.2k and 8.3k for another couple hours and then liftoff.
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When you have nothing else you have to look for the patterns. Called the inverted head and shoulder pattern when we were at the green dot.

head.jpg
 
SaiyanZ said:
When you have nothing else you have to look for the patterns. Called the inverted head and shoulder pattern when we were at the green dot.

View attachment 508399
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I'm thinking this may be the $14k push this time round, within the next 2-3weeks(but thats my 'the glass is overflowing' view:D)
 
Temujin said:
I'm thinking this may be the $14k push this time round, within the next 2-3weeks(but thats my 'the glass is overflowing' view:D)
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Lets see how far we go today. Over $9000 would be a start.

This time I'm holding as long as possible. On the last run up from R75k to R140k ($6k to $11.5k) I sold at R112k thinking we wouldn't go too much further and needed a pullback. There was little to no retracement on that run so I missed out on a lot of profit then.
 
Small pull back coming but I don't see us going down lower than $8400
 
SaiyanZ said:
Lets see how far we go today. Over $9000 would be a start.

This time I'm holding as long as possible. On the last run up from R75k to R140k ($6k to $11.5k) I sold at R112k thinking we wouldn't go too much further and needed a pullback. There was little to no retracement on that run so I missed out on a lot of profit then.
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Indeed, I'm wasn't saying it's going to just climb, will be normal ups and downs, but creeping upward to test that $14k(hopefully:D) But yes, will see how next few days goes before I get too excited
 
SaiyanZ said:
Looks just temporary. I think $8.5k again soon.
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Going to $7800 - $8200 in the end, that's where my longs actually are. Just wish I was at home to take the damn short from before
 
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Looks like Luno overreacted a bit to the drop. The price only dropped about $250 but we dropped almost R5k on Luno. Probably people just cashing in their profit while still ahead and not realizing that we way under the converted price.
 
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