Some basic trend lines and indicators. Notice the bounces from Fibonacci levels. Let's see if BTC can stay inside the pitchfork. RSI and MACD look promising so far. I believe the psychological $3500 level can now act as a support.
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Good boy!
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Looks pretty stable so far, indicators are OK...
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Let's see if we can stay above the lightgreen trendline.
I'm very inexperienced but feels there is a chance it will happen too. Thanks for posting.
MutexLock1
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@Daggis, I am not experienced niether, basically a week of experience :D
Daggis
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@mutexlock, We inexperienced guy have a feel for it. :) Kidding, but it went up to 4200 over night and back to 4800
this morning. What know I wonder? Small correction and up again? Good luck all of you!
MutexLock1
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@Daggis, yeah, probably :D I think we'll definitely go up, but hell, it needs to consolidate a little...
Daggis
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@mutexlock, I didn't expect it to stay over 4000 and now it's still almost 4300! Where's the top?
Maybe get out and take profit if it falls to 4000 again or a bit lower? I bought some in March and damn do I
wish I bought more at that time! Not that that makes me a good trader and know all the indicators etc but this shit is interesting. Now it's all I read about, never invested before. I'm aware of the bubbles, hacking and instability but I love tech in general and this is where the world is going with the blockchain and all. I would love to catch this train to
the end and hopefully make some cash. It feels like it still could go up some more before it corrects, but 15m charts are going down at the moment. Good luck everyone! :)
MutexLock1
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@Daggis, I absolutely agree with you. Blockchain has a very bright future. I am too afraid to take profit now, maybe I'll hold it and just buy more in case of more or less significant dip, say, 3200 at the very least. It's my main interest now too, and I've never invested before neither. So much to learn...
Daggis
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@mutexlock, Well, It seems like you learn fast! :) I thought it might be a good idea to set a stop at around 4000 with the thought that it might go down to 3500 or even lower and then buy in more and with the profit made from this jump. So much to learn for sure !! Best of luck to you and have a great Sunday.