chrisdunntv
Long

Long-term BTC view from China News

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
2337 15 12
LONG-TERM VIEW:

There's been a lot of dip buyers on each panic,
and now we're seeing even heavier buying coming
in on China news ( BTC             China accepting deposits).

As long as prior support holds, I'm looking to accumulate
on retracements and consolidation, but I will NOT chase
emotional buying.

I'm still holding BTC             long from $502 in my long-term account,
and expect price to retest $1,100 if the bag holders don't keep
slamming it at $1,000.
hope you've close your order fast enough?
Reply
That is if Lee is not trolling the market again, things there are pretty shady.
Reply
I highly doubt we see any new highs. Check out my chart
Reply
Can we call that a head and shoulders? I don't see a defined neckline.
Reply
Prepare the lunar lander.
Reply
Asked this on Twitter as well, but I can actually expound a bit more here:

With this strong resistance at the 1000 dollar level, do you intend to hold coin through this level as the market tests it, or do you acknowledge the herd mentality selloff at this point and follow suit?

How do you figure your "odds" on the bagholders vs. long-term bulls in this situation? (apologies if my terminology is off; feel free to correct!)

I was tempted to sell off around 995 last time because I figured the likelihood of another crash was high. I held on, because I believed it could break resistance. It hesitated to do so, and I felt a bit foolish when we crashed again.

Suggestions?
Reply
chrisdunntv stephen.joseph.12
Like I said on twitter, it all depends on what the price action looks like if/when we get there. There's no way to know until we get there.
Reply
I see. Gotta educate myself a bit better before we get there. Thanks.
Reply
Who is a bag holder and what effect do they have on the market?
Reply
The bag holders are the people that bought at the ~$1000 price level and are looking to exit the market without incurring a loss, and have in effect been holding the bag throughout this time spent below the price that they bought in at.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out