Taylorvongrela
Long

Long Term Downtrend in BTC Nearing Make-or-Break Point

BITSTAMP:BTCUSD   Bitcoin / Dollar
1153 4 4
Ever since the last bubble peak in December, Bitcoin ( BitStamp ) has been in a longer term downtrend which has consistently bounced off of fairly predictable resistance and support levels. But now that wedge is converging, and I expect this will be the "make or break" movement for the Spring/Summer. With the 3D MACD finally turning green again recently, I'm starting to think that this will be the beginning of a slow climb upwards in price. It will be interesting to see how long the current trend will persist before breaking out (up or down).
LastBattle
2 years ago
Bears:
Reply
LastBattle
2 years ago
Bears:
http://www.coindesk.com/china-moves-disrupt-access-major-bitcoin-websites/

Bulls: Ebay accepting it..


What a timing :( I hope people will start ignoring that china crap now..
+1 Reply
Taylorvongrela
2 years ago
LastBattle, I honestly think that the market has grown weary of news out of china by now. Even if China moved to outright ban bitcoin, I think the market would suffer only a temporary setback. At this point, I feel like China leaving the market is priced in. I could be totally wrong though.
+1 Reply
BitWave PRO Taylorvongrela
2 years ago
Agree, We don't need China
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out