Member Info for BestGuessing

Morning All

Just for some perspective, the exact same thing happened last month when ARB posted "amazing" figures and everyone ramped and demanded this stormed forward...and it didn't...

Same thing happening today so nothing unusual from what I can see.

The figures are as to be expected I'd suggest with the company making progress but the good news is likely to be factored in already as it matches expectations.

If and when this gets moved to bigger exchange is when we are more likely to see a price bump but until then, its time to hold and allow it to take its time. This one is for investors not day traders.

But...that is just my best guess and do any of us really know anything????

bid at £2.35 right now...

Not at the moment

GoneWithTheWind if you are "investing" for hours or days then you may see recent activity as bad decision making for traders...which I am assuming you are one

But for investors who are in for medium to long term, looking at the charts over the last 3, 6 & 12 months and I don't think you could argue that they have made bad decisions based on the percentage rises.

Crash???? What crash :D

I know people are constantly jumping on about "Here we go" when BTC moves a few hundred points and appear shocked when it drops quickly or sharply...

BUT...this is the way of crypto currencies...This happens all the time...and you really should be used to it if you have been watching it for more than a month or two.

No snowflakes here...its bright and sunny :D

To cash in some profit????

60K isn't really a target for me and is more of a figured head type number...As you point out, charts show next target is 62k give or take and then next move up from that is new territory.

Previous recent uplifts from lows have been between 12k and 15k before any pause is felt so next target would be around the 65k mark at a guess...but it is that...a guess as nobody knows :)

Longer term we want to try and ensure that any pull back from new highs sees 60 to 62k as support and sets a new suuport level there for future moves up.

But WTFDIK

We are at the highs of the current range including highs on 24th March...Need to break and hold that to consider it a breakout in my mind...

What is the reasoning for BTC to hit 100K by end of April 2021? I personally think a very, very small chance of happening...

@Playingtheodds hourly chart are for day traders are for day traders but like to have a glance at the 15 minute to see recent activity, 1 and 4 hourly to get a medium term perspective and then daily for the longer term.

I did bore others a the other day with some waffle type chart observations and won't bother repeating but just an observations.

I'm here initially for the short'ish term (3 to 6 months) before reviewing how things are progressing but almost certainly be looking to keep this as a long term hold....never say never mind you

Having a quick look at the BTC hourly chat we are at a key area here...My worry is this is a small bounce from the drop a few days ago with it sitting just under a potential resistance zone.

If we can push higher and hold that will be a positive sign but a bit wary at this point...

Quidity: I didn't read the article if I'm honest and just gave my thoughts...

The 44k marker is an obvious for anyone who looks at a chart around the lows of 28th Feb which most people will be looking at as a chance to get back in and a cheaper price.

Next target is 50k followed by 44k before a bounce as it stands...Hope I'm wrong but looking that way to me

Will probably get ripped in to for offering an opinion that isn't all roses and happiness...but take a step back and keep a wider picture in mind, and things are looking positive in the long term

II is showing a Buy of £205 and a sell of £215 currently

I suspect very few...It just seems like an attempt to ramp and instil confidence in the hope it effects the share price...which is crazy really :)

Hold for me...

@Lunq no worries...wasn't sure if it was a challenge out of interest or a challenge out of "are you guessing?"...which of course we all are...

If I was clever enough to post a chart up I'd more than happily do so but I'm a bit thick and not sure I have the technical skill set :)

Lunq: I was looking at a combination of hourly and 4 hourly charts and it should have said lows on 16th at 00:00:00 hours (so 15th to 16th)

I think the next resist zone is a range between 57,500 and 58,000 which are highs of 8am on 22nd March but also on 21st Feb...if you trace that line across on the hourly chart you can see it has acted as a targeted area a few times.

As for 51k, I have the next small support zone of approx 49,500 to 51k (based on 4 hour chart) which are approx lows from 19th Feb and approx highs from 24th Feb to 8th March.

We are still in a bull trend tough although about to bounce off the trend line from Back end of Jan which makes this an interesting area.

Charting is very subjective mind you so what one person sees might be completely different to another...and at the end of the day, I've no idea what I'm talking about :)

Thought his might have taken a few more days but seems like we hit this overnight.

Need to hold and push above 55K if we aren't too see further downside IMVHO