Bitcoin's Next Move
Bitcoin's Hour Chart
We have a strong resistance line around $10,300. We just hit it and bounced off! Now what will happen now. We have a strong support at $9,400. We could see a bounce there as well or mid $9,000. We will probably play around in this range for a couple days till we brake out or the support fails.
- This is a chance to earn some bitcoin by playing the dips. Sell low $10,000 buy mid $9,000.
- Have stop loss at $9,400.
- Watch the chart. If we bounce off the resistance sell and if we drop down to the support and bounce buy.
No question that engines seem to be running. My gut is saying resistance will not even stagger wall st. once Bitcoin Core's Lightning Network goes live. There seems a lot of chatter of successful tests. As market cap rises so will Bitcoin as sure as night turns into day.
For the record BCH is now the real Bitcoin as outlined in Satoshi's White Paper in my estimation yet that should not affect BTC when/if we get Lightning Live.
[Disclaimer : This is my opinion not financial advice. ] 😎