coin8300

coin8300 Updated 

It looks like if BTC holds sideways we are in for a long term breakout to the upside. Very close to breaking trend.

coin8300

Want to gamble at less than 50/50 odds? Like spinning your wheels making 20% and then losing 20%, all while getting chipped away by the spread until you finally time things wrong and lose your entire portfolio trying to time a bunch of crap coins that will all go to zero anyway in the Bitcoin shadow? Then alt coins are for you!! As Peter Thiel says "Bitcoin is...

coin8300

This is irrelevant for the current situation as the RSI looks quite good on all time horizons. But this is just a reminder going forward that the RSI is not everything when it comes to Bitcoin. When momentum hits BTC tends to know no bounds. The largest bull runs in Bitcoin (and almost all the gains up) during the last cycle occurred when the RSI was over 70 on...

coin8300 Updated 

Seems like more than half of traders are trying to "catch the bottom" with a double 5 - year RSI bottom for confirmation (a greedy comfort level in my opinion that might not play out). You could end up gaining more BTC if the price lowers but your potential stack could also be considerably lower if the price rises. The upside is most likely several orders of...

coin8300

Bullish pattern based on failed dips and incremental rise. Upward breakout possible.