Bitcoin

Out of context: Reply #1288

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  • sarahfailin1

    well it took longer than I thought, but ETH is at $615, BTC nestled in at around $7850 and BCH still wiggling down towards $1k.

    like a sickly kid running to go play in the snow, BTC collapsed from exhaustion after a half-hearted rally. now the cold snow is beginning to feel warm. it's given up trying pull itself out, and it's just waiting for the growing golden light to engulf its body and take it away to $7200.

    sarahfailin 1Permalink
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    • this is poetryKrassy
    • that said, a small purchase here to hedge wouldn't be a bad idea. i think the momentum will start to turn around from here. RSI won't go lower than yesterdaysarahfailin
    • So why do you believe $7200 is going to be the turning point?monospaced
    • ^if you look back to early april 2018, btc found strong support at 7200. it'd take bigger momentum than then to break it- currently we have less.sarahfailin
    • Daily RSI is 37 right now, it was 30 then. I think we've reached the lowest low momentum-wise. price will still move downward a bit, but the ship is turning.sarahfailin
    • go towards the light, BTC!sarahfailin
    • *POOF!* and it was overformed
    • yowza. the hourly RSI just dropped to a new lowest low, and the BTC dropped down out of it's descending wedge. definitely do not buy yet!sarahfailin
    • https://i.imgur.com/…sarahfailin
    • This 2nd bottom should be higher than 6500 or whatever we had last time, and so you have a tightening wedge etc which will eventually break outdrgs
    • Wait. So not $7200?monospaced
    • Why yes somewhere around 7200. You understand there are no perfect predictions, but there are good predictionsdrgs
    • There are people who believe we are going to 5000 and even 3000, but general consensus is 7200, let's leave it at thatdrgs
    • Like last time there is going to be an immediate rally upwards, even if a short one, you all should take advantagedrgs
    • But this is all because of predictions.monospaced
    • said it before - we're going to be bouncing around these prices all the way up to next Chinese new year.inteliboy
    • and then?monospaced
    • and then we will have a big celebrationdrgs
    • no "and then!!" https://www.youtube.…sarahfailin
    • haha, that’s what I was referencing :)monospaced
    • Like a Swiss watchdrgs
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