BITSTAMP:BTCUSD   Bitcoin / Dollar
2331 15 15
This is for everyone asking me what I think BTC is going to do next...

$1,000 is strong resistance because there are a lot of "bag
holders" (people who wish they could sell at high prices).

I think it's going to take another big news piece to break
through $1,000 again, so I don't see a clear play right now.

I'll wait for more consolidation and pay close attention
to what happens over the next day or two.
chrisdunntv
2 years ago
so right now I'm just holding my long-term position from $502
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TimothyB
2 years ago
Awesome update Chris, I believe it will fall down again to 380 around end january. Enjoy your vids.
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chrisdunntv TimothyB
2 years ago
Thanks!
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DeanGoncalves
2 years ago
Thanks for the info... I dont consider myself a trader..but im trading ..lol
Ive learned a lot over last week..on what not to do... I do feel however that BTC-e is highly manipulated.
I also believe that it will drop below your 781 line.. Tonight but more then likely tomorrow. But like i said...I'm just learning so who knows...
Thanks again for the updates
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chrisdunntv DeanGoncalves
2 years ago
Just keep in mind that every market is "manipulated" to some degree. Good luck!
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xLR3NZ
2 years ago
Thanks for the info. The Netflix adoption of Bitcoin is apparently to be officially announced at Sundance Festival next week, that could give us a good boost upwards as did Zynga which is not such a household name like Netflix. I'll be holding for now and following your further updates, thanks.
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chrisdunntv xLR3NZ
2 years ago
ya, I'd be careful being tooooo bullish on news. I think a lot of people are buying in anticipation of companies adopting BTC, so be careful. Just like we see in the stock market, good news can come out and prices can fall.
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Kazonomics PRO chrisdunntv
2 years ago
I keep trying to tell people to stop trading the news...smh its getting a lot of traders killed. Nice chart!
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xLR3NZ Kazonomics
2 years ago
I'm not "trading on the news", I rarely even trade, I'm holding for long-term. Chris said "I think it's going to take another big news piece to break through $1,000 again" So I thought I'd mention it and say it "could" give us a good boost, we will see in a few days ;)
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zaneaussie
2 years ago
Thanks for the post..watching closely!
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Buzzdron
2 years ago
Also take into consideration when the next gen mining hardware drops.
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st8h8
2 years ago
good point buzzdron. an other is that the last couple of days of trenddevelopment are significantly led by gox..
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DeanGoncalves
2 years ago
THanks for graph, this is for bitstamp..can you give us an idea where those resitance levels are for BTC-e?
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chrisdunntv DeanGoncalves
2 years ago
Bitstamp and BTC-e move really similar. You can do a comparison of the two inside TradingViews
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BeeTee2
2 years ago
Short Term Support line has been SPOT ON on this one, great job. I am a total noob at trading, but do you mind if I ask what data you look at to come to the conclusion of where exactly the short term / long term support line will fall? Do you just analyze the graph itself for a certain period, or do you look at volume, or something totally different? I've watched your youtube video series and it is great. I would appreciate if you would share this info as you've encouraged me to try and short sell among this volatility, but I'm not confident enough in my knowledge yet to make even a very low short sell attempt. Thanks!
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