Jump to content
Sign in to follow this  

Once again, cannot long bitcoin when the price is raising

Recommended Posts

Though it was not my question, thank you James for a prompt response. I am sure your answer is reassuring to many.

Share this post


Link to post

Bitcoin price is continuously going down and down. At the starting of the year, Bitcoin is at $13275 and now it is at $7598 after three months.

Share this post


Link to post
Guest
This topic is now closed to further replies.
Sign in to follow this  

  • Member Statistics

    • Total Topics
      7,424
    • Total Posts
      37,754
    • Total Members
      47,723
    Newest Member
    Smallbear
    Joined 18/09/19 20:46
  • Posts

    • Wow. Just look at the volatility. The price action is erratic to say the least. This has happened before on quite a few occasions in the past.  In one hour from my initial post to this post the price action has reversed. It is all about waiting for a clear signal for which direction these indices are going to go in. 
    • So you have to admit this S&P chart is as bullish as you could get, traders have been waiting for the Fed who haven't disappointed, have refused to break lower during that wait and are just staring at that ATH just a short reach away. Barring a war there seems nothing to hold back the continued march onward and upward. Daily chart; 
    • I think we now have the potential and it is potential shorting opportunity on Dow Jones (Wall Street), S&P 500 (US 500) and Nasdaq (US Tech 100) as well as other indices. The FTSE 100 is not looking too good in advance of Brexit. The 'daily' chart is looking rather bearish. The price action is looking bearish. However the price has not breached any of the key moving average indicators as of yet for the US 500. Hence why I am using the word potential in terms of trading opportunity. Some of the ultra aggressive traders will already be short the S&P 500 and other similar indices but if they are wrong the price does not continue downwards then they will be out quickly. 
×
×