Took a few goes for #eth to break the 1847 resistance, this will be the 5th attempt at 1943 on the 4 hour. If it gets through this we're on our past 2000 and up to previous ATH as next target.
This chart demonstrates the value of the #Fibonacci retracement tool brilliantly. The move from the 28th Feb low of 43021 hit 61700 then retraced perfectly to just above the 0.618. We're about 17% up from that text book entry point. #btc#bitcoin#cryptocurrency
Any close above around 56000 on the 12 hour is going to be extremely bullish for #btc will be really interesting to see if that happens but I’ll stay fairly positive if it closes above that 20 MA. #bitcoin#cryptocurrency
#btc#Bitcoin update - my chart from a few days ago showed a line of support at $44379 that has so far been well respected. Price bounced cleanly off the 200MA as well on the 4 hour.
I’m 50% in fiat 40%btc and 10%eth at the moment. Ready to buy again when the bottom is confirmed.
So many different ways to draw lines on this chart, but for me, we're ranging and it's well within acceptable price action at this stage. If we drop below 43-44k I might start and worry, below 40k yeah definitely concerning. Now? It's ok. #BTC#Bitcoin
Square announced today that it has purchased ~3,318 bitcoins at an aggregate purchase price of $170 million. Combined with Square’s previous purchase of $50 million in #bitcoin, this represents ~five percent of total cash, cash equivalents & marketable securities as of 12/31/2020
Personally, I think we bottom out at somewhere between 40-42k on this run down. It might not drop that far though, some support seems to be forming around 45-47. Broad ranges I know, at some point I’ll start and put some detail into this account.
If you’re going to play with big money (whatever that is to you) make sure you put the time in. I got carried away with making huge gains from my phone - if everything just goes up this is easy right? I could and should’ve been better prepared.
I’ve been trading and investing in Crypto since 2017. Seen many ups and downs - I think today is a good day to start and tweet from this account! Lots of losses today, myself included, I’ve made some pretty basic mistakes recently, here’s a few things I’ve learned:
What can you afford to lose? I’ve been buying spot BTC since @bitcoinjack called the bottom around March last year (followed from my personal account). I’ve sold some over the last few months so my losses today are annoying, but very manageable.