Bitcoin - Crypto investing and trading discussion

Discussion in 'Crypto Forum' started by heyimsnuffles, Dec 22, 2016.

  1. StockJock-e

    StockJock-e Brew Master
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    An interesting argument, but the more people that insist that it is a store of wealth, the more it may happen.

    The question is if this volatility will eventually come down to the point were it is an actual store of wealth!
     
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  2. HumbleInvestor

    HumbleInvestor New Member

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    Do not buy bitcoin now.
     
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  3. StockJock-e

    StockJock-e Brew Master
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  4. KyleLennon

    KyleLennon Member

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    Bitcoin recovered to a price level above $7,500. The coin price dropped before because of the criminal probe into whether traders are manipulating the price of Bitcoin and other digital currencies.
     
  5. StockJock-e

    StockJock-e Brew Master
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    This is an important spot for bitcoin here, below 6500 opens up new lows. Lots of people setting stops at that range.
     
  6. StockJock-e

    StockJock-e Brew Master
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    7026 lows and a bounce right now
     
  7. internationalstocks

    internationalstocks Active Member

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    7479 now. Wonder if low was set in early this week.
     
  8. internationalstocks

    internationalstocks Active Member

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    Should head up this week
     
  9. Stockaholic

    Stockaholic Content Manager

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    pretty choppy / range bound action here for a while now.

    curious to hear where some of you guys ultimately see this resolving.
     
  10. StockJock-e

    StockJock-e Brew Master
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    I still say down
     
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  11. T0rm3nted

    T0rm3nted Moderator
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    I see a fairly critical ascending support line dating back to last October. As long as it holds that, slow steady long-term growth, but once it's broken, look out below.

    upload_2018-6-5_17-7-25.png
     
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  12. Cmatt

    Cmatt New Member

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    Any Bitcoin traders?
    I just began, after a 5 year break in trading.
     
  13. StockJock-e

    StockJock-e Brew Master
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    Interesting place to get back into the swing of things! :D
     
  14. StockJock-e

    StockJock-e Brew Master
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    The past few days have not been kind to bulls, if stops start getting hit here, hello $4k
     
  15. T0rm3nted

    T0rm3nted Moderator
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    Lost my long-term support line dating back to October 2017.

    upload_2018-6-12_17-39-30.png
     
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  16. Cmatt

    Cmatt New Member

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    I like this level. Been buying the drops as they bottom.
    Not huge buys, but average in.
    My analysis, back to 8k level a couple weeks.
    Then blast off.
    But, who knows?
     
  17. StockJock-e

    StockJock-e Brew Master
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    So far this drop has been fairly typical of a bubble deflating, but if this really is a bubble deflating, then the real bottom is still a long was out.
     
  18. StockJock-e

    StockJock-e Brew Master
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    Critical support levels here we come!
     
  19. StockJock-e

    StockJock-e Brew Master
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    That 6000 level is still being tested, not seeing buyers too eager to take it higher just yet.
     
  20. StockJock-e

    StockJock-e Brew Master
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    Still bouncing off this support!
     

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