BTC - Bitcoin

[Malloy]

I don't think it needs an introduction...the poll shall be interesting!

Disclaimer:
In,Thinking, Curious

Edited August 19, 2017 by Malloy

[Malloy]

Today's BTC correction question. Here's my answer from the chat.

Quote

 

Going up too fast always create instability in any markets...those sitting on high profits don't want to loose it all and those standing in the shadows know a correction is coming...so...I don't think there's a predetermined line in the chart...the bounce will be when all markets stabilize...not yet IMO

Technically, highs are lower...low are lowers...very bearish chart

NY time Tuesday morning when all traders and funds manager are back at work on Wall Street...we'll have a very good indicators where this is going...if they think it's a bargain, major bounce...if not...big sellout

 

 

[rippleric]

On 9/5/2017 at 10:50 AM, Malloy said:

Today's BTC correction question. Here's my answer from the chat.

 

Looks like the correction was short lived, sell first and ask questions later... I think we continue up from here on out, but could have some more problems / drama come November 18th when bitcoin goes to hard fork for the 2Mb block size increase. BCH should probably do well in this scenario.

[Malloy]

BTC is resilient but having a harder time moving up now...some sort of weird equilibrium between store of value for countries that have political problems like Venezuela and recurring bad news from China.

[Dennis]

Updated my sentiment to bearish short term.  I think we see a similar shake of weak hands as we saw leading up to the first fork.  This entire China nonsense is such blatant manipulation.  Charlie Lee is saying he has a source that he trusts telling him that China is about to ban all crypto exchanges in the region.  

 

 

[Malloy]

BTC chart showing possible huge drop below 4000 USD...but any good news would help the support for a 3rd time...for TA fans, triple bottom is usually a very bearish sign.

[rippleric]

What's it going to be bitcoin? BTC, BCH, B2X, bitcoin gold??? How are you going to play this one?? 

[Malloy]

Something like buy the days before...sell asap after the fork...repeat!

[rippleric]

Will have to be holding bitcoin on October 25th if you want BTG, mid november for B2X, but my question is what will be the main chain? BTC or B2X, since most everyone is signaling for B2X where does that leave BTC?

[Malloy]

Changed my vote...bull, bull, bear...BTC might not be the main chain...crash would be brutal.