scoti2002

BTC Holding stable... For now

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
So for today we just really need to be looking at BTC             on the daily time frame and keep an eye on where we open and close. we seem to be bouncing between the support and resistance levels of $8791 and $9423. Anyone picking up buys at $8000 and selling at $9000 grabbed a nice margin trade. Its still to early to see where we are going from here but it is evident that we are now in the down slope of the complete emotional cycle, now its just a matter of seeing where this thing hots its depression before the new cycle. TA is still the same from previous days, we need more money to flow into the over all cap of crypto, which is hard right ow due to all the Fud around... The crypto skeptics are out grinning in force right now. That is usually a good sign for us.
We do not want to see the overall Cap fall into the 300's.
Watching to hold a close at $8791 and hopefully $9423. If we can't start to make a run up, a run down to test $7000 is almost a guarantee. Sit tight and let the emotional cycle play out. Don't even bother trading alts right now.
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