Cryptocurrency

[scooterscot]

Bitcoin Cash seems to be another 'cash' on the rise. 23% up currently. Wonder what 'news' prompted that?

BCH will be $10k a pop by the year's end.

[Jog On]

BCH will be $10k a pop by the year's end.

Good! the £ value (which I know I should ignore but can't help it) has dropped so much on these since I bought at the very top of the high in Dec...

[Jog On]

I'd say the next big resistance is about 9300-9500

That's close enough to 10k which is a big round 'psychological' number. I have a hunch it might act as resistance for another down move - but it might just blast through it as though it's not there like it did in Dec.

[VirtualMonkey]

we may be seeing the doubletop on bitcoin

[VirtualMonkey]

That's close enough to 10k which is a big round 'psychological' number. I have a hunch it might act as resistance for another down move - but it might just blast through it as though it's not there like it did in Dec.

I have a feeling that unless we see big money flood in (institutions) then every resistance level from here will be hard fought

[FrontEnder]

I have a feeling that unless we see big money flood in (institutions) then every resistance level from here will be hard fought

This guy always seems to talk a lot of sense:

https://chrisdunn.com/5-major-crypto...market-cycles/

We're entering his phase 5 here - there will be a lot of volatility where I don't think analysis and resistance levels make a lot of sense as it'll be highly unpredictable. I think it'll bounce around somewhere between 6 and 10k before it settles down, unless it drops further.

[VirtualMonkey]

This guy always seems to talk a lot of sense:

https://chrisdunn.com/5-major-crypto...market-cycles/

We're entering his phase 5 here - there will be a lot of volatility where I don't think analysis and resistance levels make a lot of sense as it'll be highly unpredictable. I think it'll bounce around somewhere between 6 and 10k before it settles down, unless it drops further.

Thanks. One to listen to on the way home this afternoon

[scooterscot]

Here's an interesting double bottom for those of us in doubt, BTC is very unlikely to be going under $5k. BTC at $8k is really cheap right now.

[Hobosapien]

What if the double bottom turns into a triple chin? I can't make head nor tail of this.

[scooterscot]

Sounds like nasty case of consolidation.