Wow, talk about BORING? I've had more fun watching paint dry! And I have actually watched paint dry before so I'm not being overly sarcastic.
Outlook: Extremely BORING
On a serious note, something interesting is happening with BTC. I am not seeing unusual volume activity. The volatility is being squeezed out of the price action. This can sometimes mean an explosive event is waiting to occur. Honestly, when it comes to BTC, nothing surprises me anymore. The primary trend appears it will not hold and if past is prologue we will trade right thru it with more sideways price action. I, for one, do not mind seeing the big dog (BTC) taking a break from all the action its seen over the last year. I want to see it stabilize before I start throwing my money in it!
Conclusion: There is nothing to see here, for now, all the action seems to be in LTC! So head over there for some Sunday fun!
Biff
Outlook: Extremely BORING
On a serious note, something interesting is happening with BTC. I am not seeing unusual volume activity. The volatility is being squeezed out of the price action. This can sometimes mean an explosive event is waiting to occur. Honestly, when it comes to BTC, nothing surprises me anymore. The primary trend appears it will not hold and if past is prologue we will trade right thru it with more sideways price action. I, for one, do not mind seeing the big dog (BTC) taking a break from all the action its seen over the last year. I want to see it stabilize before I start throwing my money in it!
Conclusion: There is nothing to see here, for now, all the action seems to be in LTC! So head over there for some Sunday fun!
Biff
Comment:
Wow, that didn't take long. We squeezed down in volatility and EXPLODED! If the resistance level of $4100 can hold as support, we might run right into another high-priced head fake! I am always skeptical of BTC!
