WHEN ANARCHY IS AROUND THE CORNER THE COIN OF THE ANARCHY RISES.
THERE ARE THREE REASONS WHY BITCOIN IS DOING BETTER AGAINST REAL, RUPE AND YUAN THAN AGAINST THE US DOLLAR.
FIRST OF ALL IS THE BLACK ECONOMY THAT IS STRIVING IN THIS COUNTRIES AND BITCOIN IS A WELL KNOWN ASSET THAT IS LIKED BY THE ILLEGAL ENTITIES THAT USE MONEY LAUNDRY SCHEMES.
SECOND IS THE...
I can see some hype going on shorting bitcoin while the same traders a few days back were aiming for 6k targets lol.
Wait for the perfect price action to happen & then Long/Short.
It's currently trapped in a triangle where the resistance has been tested 2 times & the support almost 3 times which indicates that the support may not hold next time if it touches it...
Bitcoin (BTC) is stuck in a narrow $550 range between the key long-term moving averages today, but may be prepping for a breakout, the technical charts suggest.
With the bull/bear bias now unclear, the big problem now is trying to work out in which direction the price will go.
As of writing, BTC is changing hands at $8,760 - $8,500 on Bitfinex, and is trading...
A move above resistance at $8,500 would provide confirmation bitcoin's bear market has ended, the technical charts indicate.
Over the weekend, the cryptocurrency clocked a three-week high of $8,458 on Bitfinex, adding credence to the short-term bull reversal confirmed last Thursday. Further, the 30 percent rally from $6,425 (April 1 low) proved that the...
