jMusic Posted April 7, 2020 Share Posted April 7, 2020 Don't mess around, go all-in and you could be two trades away from being a BILLIONAIRE...or bankrupt, living in a cardboard box, under a bridge !! AlejoMoreno 1 Link to comment Share on other sites More sharing options...
VegitaXRP Posted April 7, 2020 Share Posted April 7, 2020 Basically all I need to do is put up $100,000 use 100 times leverage and have the price go up 100 times and I'll have $1 Billion. It's so easy. Why doesn't everyone do this? jMusic 1 Link to comment Share on other sites More sharing options...
Eric123 Posted April 7, 2020 Author Share Posted April 7, 2020 Trend line is just about holding as support. Cesar1810, Milly238 and VegitaXRP 3 Link to comment Share on other sites More sharing options...
Eric123 Posted April 8, 2020 Author Share Posted April 8, 2020 Well - the Plus Token Trend line held up as support yesterday for the Bitcoin price. Bitcoin is also above the 50 DAY EMA $7,244. So good news. The leveling out of infections in the U.S. and the eventual drop hopefully in a week or so bodes well for more bullish action. As I posted yesterday, last halving there was a run up then a dump in price in the six weeks around the halving, however at the time the 50 Day EMA was above the 100 Day EMA and never fell below even throughout the price drop. I'm interested to see how it plays out this time. I haven't calculated it out (someone else is welcome to) but it looks like the price would need to break $10k to get a golden cross prior to the halving. I'm undecided if now is a good time to buy, so much of the price of everything is virus dependent. The price could follow this trend line down ( I'm doubtful it will break below it though) but picking some up at sub $7k may be possible. I'm not sure. However when another bull run starts these price movements should be irrelevant anyway. We'll See. 17 hours ago, VegitaXRP said: Basically all I need to do is put up $100,000 use 100 times leverage and have the price go up 100 times and I'll have $1 Billion. It's so easy. Why doesn't everyone do this? Sounds like a solid strategy. Cesar1810 and VegitaXRP 1 1 Link to comment Share on other sites More sharing options...
Eric123 Posted April 9, 2020 Author Share Posted April 9, 2020 Well Bitcoin broke the Plus Token down trend line which is now a support line. Bitcoin has created an up trend which has also been holding as a support line. The next area of resistance is the Down trend which began on February 14th which I am calling the Valentine's Day trend line. After that the next resistance is the down trend line that began from the high back in December 2017. I would expect the uptrend line to be broken eventually, but at what point? Will Bitcoin take down the next two trend lines first? Will it last all the way to the halving?? The good news is which each line Bitcoin takes down, resistance becomes support. Baka, VegitaXRP, Cesar1810 and 2 others 2 3 Link to comment Share on other sites More sharing options...
Milly238 Posted April 9, 2020 Share Posted April 9, 2020 Thanks for your continued charts @Eric123 VegitaXRP, Cesar1810, ManBearPig and 3 others 5 1 Link to comment Share on other sites More sharing options...
captainjack Posted April 10, 2020 Share Posted April 10, 2020 Haven't been following since Covid-19 blew out. Delighted to see XRP back to .19. Have xrp outperformed bitcoin the last days? Link to comment Share on other sites More sharing options...
Eric123 Posted April 10, 2020 Author Share Posted April 10, 2020 As expected the Up Trend Line broke and the Plus Token Trend Line is acting as support. Will this line hold? I think so. I picked up some more Bitcoin just now at $6,900. I think this is just a breather and we rally prior to that halving then we start getting a pullback around two to three weeks before the halving which lasts till a few weeks after the halving. Here is where Bitcoin is and where I think it is heading around the halving. If the Plus Token Trend Line breaks looks like $6,700 will offer some support but based on the way Bitcoin has been trading I think it makes up what happened today tomorrow with a green candle equal to the red one today. DannyRipple, Julian_Williams, UrsMui and 4 others 6 1 Link to comment Share on other sites More sharing options...
Baka Posted April 10, 2020 Share Posted April 10, 2020 (edited) @Eric123 If we close the day under 6800$ or less I think we ll go down more Edited April 10, 2020 by Baka Eric123 1 Link to comment Share on other sites More sharing options...
Eric123 Posted April 10, 2020 Author Share Posted April 10, 2020 Just now, Baka said: @Eric123 under 6800$ isnt a good sign for a short term bull , if we close the day under 6800$ or less I think we ll go down more Well bitcoin is well below the trendline now. Next support is $6,700. I should have waited a few hours to buy, maybe longer. Baka, Lumpy and VegitaXRP 3 Link to comment Share on other sites More sharing options...
Lumpy Posted April 10, 2020 Share Posted April 10, 2020 I got in buy support around $6,900. Let's see! Link to comment Share on other sites More sharing options...
Lumpy Posted April 10, 2020 Share Posted April 10, 2020 The battle zone is really between 6,7K-6,8K now. Eric123 1 Link to comment Share on other sites More sharing options...
VegitaXRP Posted April 10, 2020 Share Posted April 10, 2020 Litecoin down over 11% Link to comment Share on other sites More sharing options...
Baka Posted April 10, 2020 Share Posted April 10, 2020 (edited) My plan is to buy a new position at 5800$ , I didn't sell at 7400$ and kept all my positions since days . If we go down to the 5800$-6000$ , I'll buy more . The plan is still 9800$ to resell 75% of my stack , we must see those levels soon (2-3 weeks) before going back down Edited April 10, 2020 by Baka Eric123 1 Link to comment Share on other sites More sharing options...
Jotaro Posted April 10, 2020 Share Posted April 10, 2020 25 minutes ago, Baka said: My plan is to buy a new position at 5800$ , I didn't sell at 7400$ and kept all my positions since days . If we go down to the 5800$-6000$ , I'll buy more . The plan is still 9800$ to resell 75% of my stack , we must see those levels soon (2-3 weeks) before going back down cluttered TA is trash TA. Trentsteel and Cesar1810 1 1 Link to comment Share on other sites More sharing options...
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