Reason to trust
How Our News is Made
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Ad discliamer
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Tracking the bitcoin price over the past few weeks has been tough. Despite bouts of overnight volatility, we have seen very little in the way of sustained trend, meaning our breakout strategy has put us in trades but without sustainable movement, hasn’t carried us to our take profit levels. Over the weekend, however, we did get a little bit of interesting action, and it could be a sign that that as we head into a fresh week’s worth of trading – there may be more action to come. So, with this said, let’s take a look at the action we saw over the weekend, and outline the levels we are going to keep an eye on during today’s session in order to try and draw profit from the market with our intraday strategy. First, take a quick look at the chart.
As you see, having reached highs of 234.98 over the weekend, the bitcoin price corrected decline all the way down to what now serves as in term support at 226.03 for today session. In term resistance sits at 231.70 – last night’s swing high.
If we can get a bounce from current levels, we will look to enter long on an intro range strategy with an initial upside target of 231.70, a stop loss around 225 flat. Conversely, a break below in term support (and a close below this level on the intraday chart) would put us short towards 220 flat as a slightly longer-term downside target. Once again a stop loss is necessary on this one, somewhere around 227.5 will help us to maintain a positive risk reward profile while still leaving us plenty of room to avoid being chopped out.
Looking to the upside, a break above 231.70 will put us long towards 234.98, with a stop loss somewhere around 230.5.
Charts courtesy of Trading View
Anon Wibble 
Brunoxxx 
roger 
This is caused by the bitcoin XT row. Unless my questions about the future scalability of bitcoin are answered, I’m not buying anymore bitcoin. I need to know if migrating to XT, is going to increase blockchain sync times, if it opens blockchain upto attacks that the blocksize was reduced to prevent, and if running my only blockchain node takes up any more diskspace, and if it does, how much.
Unfortunately, I can’t just try out XT, because by doing so i’ll be casting my vote to the 75% threshold, and I don’t want to add to that, unless i am sure, that i like the answers to the questions above.
The xt farce is a hussle by the major holders and miners of btc to fill there pockets with fiat and squeeze out the non elite club members.
THIS:
The xt farce is a hussle by the major holders and miners of btc to fill
there pockets with fiat and squeeze out the non elite club members.