Thread: Is Bitcoin about to crash?

Any confirmation there could happen to be of a reversal has vanished today, and she's on another leg down I'd say. Daily 100sma broken, so that I think.

nah, you ought to be buying it.

When everybody thinks its going to explode, you short it. When everyone thinks will wreck you buy it. Simple as... trading.

Actually when to think about it, it is a pretty much great gamble trade in the moment - it rolls the's bar long tail and also the price is close to a massive support of this china news. Look throughout the lousy china news - there must be buying. Sl bellow the gap before the news.

I would still prefer trading the euro/usd, tho - distribute and margin are much, much better, you can exchange it even 5 minutes interval and btc is volatile and lacks rewards.

Actually, my Daily 100sma, which is significant in terms of potential support than a round number, is still a little below the price nevertheless at 9,760. If 10,000 breaks, which can be touch and go at this time, it may fall hard through down any support as low as you like, or else, it may hit a large moving average such as this daily 100sma, and pop straight back up, just like the Dow did on March 10th, 2009, as it was falling like a rock until it struck on the bi-monthly 200ema, stopped dead in its tracks, and turned north, barely awaiting. I remember that day.

Originally Posted by ;

Back to Bitcoin, it's in a rollover/pullback stage, just breaking through the H1 100sma and 38.2% fib. The 50% @ about 11,385 is a potential service level, with the 61.8% under @ 10,635. If that is a pullback rather than a rollover to new highs, then the 76.4% @ 10,080 is critical if the price falls back that far.

Not certain why I wrote 385 for the 50%, as it was actually 11,080, but anyway, it held into the pip, and BTC seems liberated to move up now. 12,300, which is the H1 200ema/sma combined may be an evaluation, but it can get over that, then...

BTC: Houston, we have problem.

Back to Bitcoin, it is in a rollover/pullback stage, just breaking through the H1 100sma and 38.2 percent fib. The 50% @ about 11,385 is a potential support level, together with the 61.8% beneath @ 10,635. If this is a pullback as opposed to a rollover to new lows, then the 76.4% @ 10,080 is crucial if the price drops back that far.

Dow 32k is my shorting number that is magical. Called it years back when it was at 10k

Anybody have a peek at Uranium. The price is low at the moment due to the decommissioning following the Fukushima crisis, but China currently has 20 nuclear power plants under construction, and nuclear has a future. Buying Uranium, particularly with the price in which it is, is big time, and a no brainer, since it can only go one way really! The price is currently pulling back, however, put the fibs on and you might get a decent entry around the 61.8% or so when it pulls back that far.

Originally Posted by ;

quote I've been expecting the FTSE 100 to return and kiss 7000, but maybe it won't make that retrace. The US and EZ economies are picking up, especially the EZ. If we see a few positive growth in China in a month it may be pushed by that through 8000. If you look at the flag shown on a 25-year (?) Chart the FTSE 100 has only broken resistance. FTSE 100 firms are primarily players, so the state of the UK economic advantage is reflected in the 250 or 350 indices.

The 250 is pretty difficult to read at the moment. . .much more ambiguous concerning short to medium term ( 2018 ) direction. Tomorrow looks bullish for the FTSE 100, therefore if it's, it'll be interesting to see if that 800 level is analyzed what happens. Basically though, Euro and US stocks are all bullish at this time, with no ' crash ' in sight as far as I could see from a technical perspective.

Seems like Tuesdays' price action is a possible break that is fake. Todays' price action seems to be retesting the possible imitation break.