That still leaves plenty of time.
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Bitcoin Thread
- Thread starter Dan C
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SaiyanZ
Executive Member
There is also this upwards channel now and it's been hitting the upper resistance several times. Eventually this will have to give way. If it was very bearish we should not be getting close to or touching that upper resistance at all by now. Seems like there's about 3 days max now before something big has to happen.
Still hitting the upper resistance today to the exact dollar. Pretty crazy how it sticks to it over and over.
SaiyanZ
Executive Member
I think if it manages to stay above $7420 danger zone today then it's ready to keep going up. It survived the first danger zone yesterday morning. It can still wick below but must go back above immediately to be safe. There should be some volatility later today as it gets closer.
SaiyanZ
Executive Member
Danger zone hit. Now we wait and see.
SaiyanZ
Executive Member
Looks like steady dump but maybe the $6900 area will hold.
phly
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acidrain
Executive Member
Exchange chart doesn't show the same so could have just been a glitch in the widget
Superman-7
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Maybe they're frontrunning the rest of the market.
Times like these I look at how easily and sharply bitcoin fails, and I just chuckle thinking some people call it a 'store of value'.
We can argue long and hard about what that means, but just at the minute it's a total farce.
Reasons for bitcoin to go up? Zero.
But we've been here before, and somehow bitcoin just keeps trending up in the long-term.
Who knows.
Times like these I look at how easily and sharply bitcoin fails, and I just chuckle thinking some people call it a 'store of value'.
We can argue long and hard about what that means, but just at the minute it's a total farce.
Reasons for bitcoin to go up? Zero.
But we've been here before, and somehow bitcoin just keeps trending up in the long-term.
Who knows.
SaiyanZ
Executive Member
No new low yet. Will buy more if it goes below $6k. Just holding longs for now.
I had bids in those regions, none of them hit so it's just a glitch on the chart
SaiyanZ
Executive Member
BTC seems to be getting more and more stable as time goes on. I'm going to dabble with ETH trading now on Bitmex as it's been about twice as volatile over the last year so there is more opportunity to profit from trading. Maybe will eventually switch fully to ETH trading instead of BTC.
BTC vs ETH:
www.buybitcoinworldwide.com
www.buybitcoinworldwide.com
BTC vs ETH:
Bitcoin Volatility Index - Charts vs Dollar & More
View live price action, monitor on-chain data, and track key economic indicators - all for free.
www.buybitcoinworldwide.com
(9.41%) Ethereum Volatility Index - Charts vs Dollar & More
The Ethereum Volatility Index tracks Ethereum's volatility vs other currencies like USD, EUR, GBP and more.
BTC still seems pretty unstable to me if you count the fast dips. For some reason I think it can still yield good returns for traders as if it's relatively stable but there's a big dip of $1k you can be near sure it will return to where it was before.
John Tempus
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BTC seems to be getting more and more stable as time goes on. I'm going to dabble with ETH trading now on Bitmex as it's been about twice as volatile over the last year so there is more opportunity to profit from trading. Maybe will eventually switch fully to ETH trading instead of BTC.
BTC vs ETH:
Bitcoin Volatility Index - Charts vs Dollar & More
View live price action, monitor on-chain data, and track key economic indicators - all for free.
(9.41%) Ethereum Volatility Index - Charts vs Dollar & More
The Ethereum Volatility Index tracks Ethereum's volatility vs other currencies like USD, EUR, GBP and more.
Good luck with ETH, the trading fees on bitmex is daylight robbery on that pair.
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