Bitcoin Is Over $7,200!

[Joe Flacco]

Bitcoin putting in at least a short term bottom.

 

[timd354]

Bitcoin putting in at least a short term bottom.

Maybe, but the day is not over yet. It opened at $6,914.26, dropped to $5,947.40 and went up to $7,592.79, all for no apparent reason. Who knows where it will end up later today.

 

[Joe Flacco]

Maybe, but the day is not over yet. It opened at $6,914.26, dropped to $5,947.40 and went up to $7,592.79, all for no apparent reason. Who knows where it will end up later today.

That price action you describe on a big volume day is indicative of a bottom. It suggests sellers tried to take it down but then buyers stepped in and now buyers are taking control.

 

[Non Sequitur]

Maybe, but the day is not over yet. It opened at $6,914.26, dropped to $5,947.40 and went up to $7,592.79, all for no apparent reason. Who knows where it will end up later today.

SEC hearings today.

I may jump back in, this is roughly where the market was before that recent run up, possible bottom but it’s just a guess.

 

[Joe Flacco]

Looks good for at least a short term run.

 

[timd354]

SEC hearings today.

I may jump back in, this is roughly where the market was before that recent run up, possible bottom but it’s just a guess.

Of course its just a guess as there is no way to know what market manipulations are going on and how much longer they will go on for. Is the move off the bottom earlier today the result of legitimate trading activity or is it the result of of a bunch of wash trades by large market players? There is simply no way to tell anything with Bitcoin and the other cryptos. Good luck to you guys if you get back in

 

[Joe Flacco]

I don't have any money in the account.

 

[Elliott]

 

[Joe Flacco]

Back to top of channel.

 

[DTB]

Yup, let's see the trend line break. Get any of the Litecoin Cash?