Bitcoin Needs To Bounce Here
Ryan Wilday, cryptocurrency technical analysts over at the ElliotWaveTrader.net shares his thoughts on the recent bounce and now pullback in Bitcoin. He says that Bitcoin needs a bounce from here or the decline will continue.
If you have any further questions for Ryan please be sure to email me at Fleck@kereport.com.
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I view BTC as crypto gold.
I am an inferior chartist, who relies on better TA people for timing, etc.
I do feel, however, we are approaching buying opportunities in both Gold and Bitcoin.
I borrow a chart from Gary Savage to indicate sentiment in gold:
https://blog.smartmoneytrackerpremium.com/wp-content/uploads/gold-32.png
As can be seen, a turn around would appear to be on the near horizon, which may dispell the PDAC curse….?
Govt backed BS………..mental sickness is the govt……………lol
https://www.zerohedge.com/news/2018-05-28/scottish-crypto-clinic-now-treating-bitcoin-trading-addicts
Pilbara gold explorer De Grey surges 8pc on the back of ‘bonanza’ drill results De Grey, one of the pioneers of the Pilbara gold nugget rush, identified a series of high-grade gold zones ranging from 5.2 grams of gold per tonne to 35.5 g/t at its Mt Berghaus gold deposit in the Pilbara, 60km from Port Hedland, WA.
One drill hole returned a “bonanza” grade of 1 metre at 242 g/t.
I’m not seeing anything but flat on DGMLF.
But the markets are closed in tghe US.
I am having problems posting on this site using anything but my IPad.
All Microsoft machines appear blocked!
Problems continue…………same problem as I mentioned two days ago………..
Sorry guys we are looking into it. I’ve been having trouble posting as well.
Thanks for the follow up ……….appreciate…..
Govt. and the truckers………….
https://www.zerohedge.com/news/2018-05-28/brazil-trucker-strike-worsens-petrobras-workers-plan-walkout