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Not sure but it does look rather down for Bitcoin but I am still hopeful for its Pheonix rise soon. Now it looks like a smooth coasting on the old support that it has revisited many a times.
Pretty interesting news articles coming out with future technologies for Bitcoin in outer space! Cool BitSat which I don't know if this will take off well but I could be wrong. This could prove to be a very interesting project with Jeff Garzick leading the idea. Blockchain technology in outer space. Who would ever have thought of this crazy idea. I would love to ...
Ok. Now we know that 21 is now the biggest and baddest venture capital giant rather than Coinbase who had a lead at securing $107 million. 21 now has $116 million invested and from the likes of beautiful Qualcom who is part of this seed money. This is the type of news that Bitcoin needs in order to reach higher prices and higher investors.
Good juicy news on ...
Our first channel has been violated at support. This may not be bad but may carry on a sideways trading pattern achieving same outcome.
We are trading pretty aggressive here, something extra encouraging. Do not c a slowdown so far.
ok. i did take a small loss. i do not regret risking my position here because of what i thought was a downtrend. like always do not claim i am right on all my plays but keep on trading with as best info i can gather.
Good thing is to keep tight stops and only lose what you can afford to lose. i don't think anyone likes to lose but this is part of the risk we ...
Is Bitcoin going to briefly end up in the Triangle of Death? Stay tuned.
For the short term I believe there will be a retracing of about a 14.5% to 15% back to our support indicated here around the $240 dollar price range. I know there have been a few posts declaring a fall back to between $240 and $250 and now I would have to agree with this information. Granted, unless we see some major headlines on ETF's or better exchanges like ...
Still holding on to my short here!
I may sound like doubting Thomas and rightfully so because of this picture. I hate when I rally and not see these other potential kinks in the armor so to speak. I am just not convinced yet!
We are still lingering just below our resistance trend line here and this is why I am still Bearish for the short term. Until we can break out of this on great news like the Winklevi ETF or the up coming Gemini exchange I cannot see us going past this line or staying above it for too long. There is still too much downside and there are possible trendlines that ...
Ok. This is my take on this and I could be wrong like before but will ride this down this time with a bang! Bouncing off of the yearly resistance or close to.
I see more upside on a fast track here. If wrong I do have my stop set up. I do not see major sellers here right now, of course that could change so taking a little risk but with recent up swing in price I feel a little confident we can edge up just enough to play on a meter drop profit, short term.
Well, got stopped at $274.00 so as the Sharks would say "I'm Out".
On the way back down to Prison I closed my short. Walked away with a few dollars. Not a bad way to start the day.
From the looks of this I hate to say it but we may be heading back to prison (Triangle/cone). I am more optimistic than others but I am beginning to second guess my 1 week outcome here. It looks like Bears want to take BTC down back to prison where we were locked up for over a year.
Nothing major here but sellers are dominating so going short on a short term only. Right now sellers are still out ahead here. There may be upside but I have a gut feeling this will swing down another few steps. Like I always say I could be wrong but the gut/few techs may be right here. This kind of high on a channel is what i look for.
In and out with nice small gain :)
Opened long position and riding the waves from the whales.