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RE: 1/1/2017 The Market View and Trading Outlook
Boom! BTC just blew thru $13800 resistance and on to $14,100 third try! On strong volume...YAY!
Boom! BTC just blew thru $13800 resistance and on to $14,100 third try! On strong volume...YAY!
Not seeing a BOOM.. more like a tiny firecracker as opposed to a fourth of July Spectacular. Which exchange are you looking at I have $13980 on GDAX and $13898 on Bitfinex, no $14,100 that I can see. $14,000 is now key 2 hour and 12 hour resistance. Volume is mehh.. 1k in an hour. Breakouts typically occur on 3-5k or better. We need this 12 hour to get us into a 1 day buying period, experience another 12 downturn with little pain, a follow on buying period that brings the 3 day green.. Then we will be happy. If we were to compare the current 12H and 1D its similar to a 1 hour buying period against a 4 hour selling period, meaning gains may be somewhat underwhelming.
Boom, did you buy on the breakout? ;)
I bought a bit at 13,200 after I decided it likely won't go back to 12,500 again any time soon, if ever. Still loving that doge coin :) Was buying a bit to invest in bitconnect, I just set up accounts for my kids after having an account for myself for the last 3 weeks and I really like the concept and am on track to double my investment every 70 days or so.
Nothing wrong with doubling up...:), I think the low was $12,700 after someone dropped a 780BTC market order on us at the top.. This likely went to ETH