Words of wisdom right there. By the way, when did you start trading, @StockJock-e? My first decade is only about to conclude in the next couple of years...
What's going on here? I don't like the price action I'm seeing in Bitcoin one bit. Is it in reaction to Biden's proposal to double the capital gains tax for "wealthy" individuals? Or Yellen proposing a 80% capital gains tax on crypto? After the price couldn't pass through the resistance of the short-term downtrend mentioned above, it now crashed through the medium-term support. Ugly... maybe I have to come back to my idea of shorting after all.
Be careful be quick. You probably will see some buy the dippers. Hope you win, all 4 of my longs are still green.
Paying employees in Bitcoin is the dumbest thing ever. Its a great idea when BTC goes up, but imagine a 2018 bear market again. Got your $2000 paycheck on Weds, but Friday its -30% lol See how exciting your employees are about getting BTC then! Pay them cash and let them decide if they want to buy BTC on their own!
Looks to be headed your way. Sold out on my second one for a near breakeven. On watch for first , 46,500 ish. If that hits I will drop it and wait for the ride back up to reposition. The beauty is its a 24/7 market, if it turns hard you can stay ahead of the game. Other 3 coins are still green.
Trimmed BTC in half last night to be safe. All 4 holdings are still in the green and seem to be in recovery mode. Holding off on adding BTC and the others for now. Have some serious cash tied up and watching in the defense mode. Kudos to the downside players that made some bank.
The support around 50k turns out to be strong. We have the previously mentioned horizontal support (blue dotted line) which happens to be the psychologically significant 50k mark. Then we also have the 100 day EMA (blue line) that should attract buyers. (@StockJock-e 's RSI nearly flashing is another good sign.) I erased everything from my chart and tried a couple of down-channels to see what could fit the current price development. The channel below seems to fit the current trend the best. If the price stays in the channel, we will see 53k-ish in the next 1-2 days. In the subsequent 1-3 days we could see the next leg down to 45k-ish. That would be very bad, of course, because that would break these major levels of support. On the other hand, breaking above 53k would be the first short-term bullish sign.
Good call @StockJock-e. The up move seems to be sustained. Next major resistance should be around 56.5k.
I have started investing not too long ago, and I am interested what coins should I invest in for long term. I also thought about trading short, but I feel like I am too much of a beginner for that, what do you guys think? Also, a good friend of mine recommended using signals for the beginning, I don't know if I should trust those, but the guy is making a lot of money off of it. Does anyone here know any good crypto signal channels, or maybe I shouldn't even use signals at all what do you think?
I think we are in a strong crypto bull market here and every channel or site you go to will have all these "experts" giving you ideas. Thing is, all these experts think they are geniuses, but the truth is that any junk is moving right now and can just as easily go south.
Nope, BTC is the old man on the block. All the Binance, ADA, DOT , UNI and dex related stuff has been flying for a while now!
Elon tweeting out that Tesla can no longer accept BTC because of ... checks excuse.. environmental reasons. https://twitter.com/elonmusk/status/1392602041025843203 The truth is that fees were too high, transaction confirmations are too slow and its a terrible payment system where you have to wait 10-30min for a confirmation.
Still have my main 4 and well into the green. I did cut BTC in half the last selloff and added to ETH. Notice how the news was nothing more than a buy the dip opportunity, recovering nicely. ETH,BTC,LTC,XRP are my 4, in that order.
