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RE: Bitcoin rallying, but it seems to be at the expense of everyone else
Thanks a lot for all this info, I keep following these news and am not surprised to see this effect occurring. Good presentation again, thank you!
Namaste :)
I completely agree with the Author. A bit of technical analysis for everyone. Momentum indicators MACD and RSI are high. RSI(Relative Strength Indicator) is reaching overbought territory. Price is riding the Keltner Channel pretty high as well. Anyone looking to add to positions should wait for a pullback even if it is only 1-2 hundred. No sense in over paying. My guess is resistance at $5,000 again but nothing like the pullback we had before on China news. Happy Trading.
I agree about the resistance at $5K. No China FUD this time but it seems like it will come from somewhere. Just a feeling.
@eric-boucher I also think this was a great post. I believe this is happening because people are selling altcoins to get more bitcoin to get money from air during the hard fork, correct? Just upvoted your comment. @gold84