BTC Trade Ideas

spunj

Administrator
Jan 24, 2019
162
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Let's get this started by looking at the overall chart.

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spunj

Administrator
Jan 24, 2019
162
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See any similarity with this silver chart? (1972-1984)
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spunj

Administrator
Jan 24, 2019
162
1
18
Like LTC, this is an ugly chart. We may be in for another long stretch of consolidation. If the price breaks below ~3200 - watch out. That may be what it finally takes for the capitulation to take place. Dreadful price action.

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spunj

Administrator
Jan 24, 2019
162
1
18
BTC is acting like a dead dog. Trade idea? None.

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spunj

Administrator
Jan 24, 2019
162
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18
There we go. Good morning Bitcoin!

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spunj

Administrator
Jan 24, 2019
162
1
18
BTC has been even more comatose than SPY and DIA today. BTC popped on Friday and has been asleep since.
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spunj

Administrator
Jan 24, 2019
162
1
18
Bitcoin is still showing weakness. Whatever the catalyst will be to get BTC going again certainly has not arrived yet.

Time for a second coat of paint.

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spunj

Administrator
Jan 24, 2019
162
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18
Slow as she goes.... However, it's great to see BTC / USD creeping up to $4000 per BTC and staying there for more than a day. :p

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spunj

Administrator
Jan 24, 2019
162
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18
Is today the day that BTC gains traction?

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spunj

Administrator
Jan 24, 2019
162
1
18
I posted my latest Bitcoin thoughts on Twitter the last week or two. BTC began to lose energy and broke below my important ~$9400 level.

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spunj

Administrator
Jan 24, 2019
162
1
18
Things are looking kind of bleak for BTC right now. The good news is that it is currently hovering a little under $8000 and hasn't begun a slippery slope drop down to the dangerous $7400 level - which if breached - might produce a dramatic waterfall event.

I'm redrawing the BTC chart since it broke out of it's triangle. This new chart indicates a potentially dismal price future facing us.
Check out the two timelines. The first is short term. Ugly. The second chart shows a channel going back to December 2017. Even uglier.

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spunj

Administrator
Jan 24, 2019
162
1
18
And as a follow-up: My trading triangle.

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spunj

Administrator
Jan 24, 2019
162
1
18
BTC still looking weak.
 

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