Cryptocurrency

[VirtualMonkey]

Not sure, if it significantly takes out a recent swing low (8050ish) and closes strongly below it maybe. Until then the uptrend is technically still in place. If you look at most stock indeces this year there are a lot of corrective structures that look like they're about to give way but they just keep going.

Technically speaking a trend is reversed when a previous high/low is significantly taken out by a counter impulsive move.

Impulsive = big candles with strong closes (close at/near the end in direction of trend - ie no wicks)

Corrective = small 'indecisive' candles with long wicks and overall sluggish movement.

Counter-trend impulsive = an impulsive move against the trend.

Learning the difference between a corrective and CT impulsive move has cost me a lot of money over the years.

If you're interested in learning price action impulsive/corrective is a good place to start.

I think BTC is in a corrective move at the moment with trend still intact.

That's a very informative link, thanks. Spent all day yesterday looking at trading shapes on graphs (can you tell based on today's comments?) so will check this out next.

 

[VirtualMonkey]

Ripple just announced another partnership
وكالة أنباء الإمارات - RAKBANK: Customers can now remit money to India using Blockchain

 

[AtW]

Bitconnect 'King' Trevon James reportedly hacked today for his 111 BTC single wallet stash ... $800k

Awesome new "currency", banks don't have a chance!

 

[AtW]

https://mobile.nytimes.com/2017/11/21/technology/bitcoin-bitfinex-tether.html

 

[FrontEnder]

Awesome new "currency", banks don't have a chance!

Amazing that you post this immediately after a post showing a story of a bank using blockchain...

 

[AtW]

Amazing that you post this immediately after a post showing a story of a bank using blockchain...

They'd better not be using it for my money!

 

[scooterscot]

Awesome new "currency", banks don't have a chance!

old trick... make the people believe you've been robbed to avoid paying tax on gains. Youtube is full of them and always form the US.

 

[FrontEnder]

dash breaking out?

 

[scooterscot]

dash breaking out?

started about two days ago...

 

[scooterscot]

dash breaking out?

started about two days ago... din't you see it??? Oh man..