RE: Looking Like a Range by lifebyadam

View this thread on steempeak.com

Viewing a response to: @cryptographic/looking-like-a-range

· @lifebyadam ·
$6.56
I feel like we have built good support in this range and hopefully we will be making another climb to the 20k ranges very soon, surely by the end of the month. We had to drop some at the end of 2017 so that we could start out 2018 with a steady increase. That's my thoughts any ways. Great post, thank you!
👍  ,
properties (23)
post_id23,184,680
authorlifebyadam
permlinkre-cryptographic-looking-like-a-range-20180102t213454140z
categorytrading
json_metadata"{"app": "steemit/0.1", "tags": ["trading"]}"
created2018-01-02 21:34:51
last_update2018-01-02 21:34:51
depth1
children1
net_rshares556,494,589,740
last_payout2018-01-09 21:34:51
cashout_time1969-12-31 23:59:59
total_payout_value4.926 SBD
curator_payout_value1.629 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length306
author_reputation231,443,210,169
root_title"Looking Like a Range"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (2)
@cryptographic ·
$15.01
I never like to create too many prior expectations when it comes to talking about future possibilities, and that's why I usually limit myself to commenting the highest probabity scenarios. Nonetheless, anything can happen. All things considered though, and this includes the fundamentals and order flow as we know it - there is still very important demand for crypto coming from fiat - I think the most probable short to intermediate term scenario for BTC is choppy trading in a range, and most likely the range drawn on the chart. I'm thinking of months, but it could be weeks before a possible breakdown, which I'd give about a 30% chance at this point. If the lows hold, then it will be an eventual battle between bulls and bears to get back to the top of the range, the necessary requirement for a breakout to new highs. 20k is a long ways off in my view, and I think "good support" still needs a lot better foundation too. The longer we spend moving sideways, the more nervous the long them HODLers will get, causing more sell side pressure. As I said in the original post, I'd be looking at alternatives to the well known and now famous that had huge gains in 2017. Again, things like STEEM, BTS, SYS, ADA, GRS, NLG, DBG that are still very much under the radar could be the next big surprises that become household names. That's just my opinion though.
👍  , ,
properties (23)
post_id23,372,322
authorcryptographic
permlinkre-lifebyadam-re-cryptographic-looking-like-a-range-20180103t193706813z
categorytrading
json_metadata"{"app": "steemit/0.1", "tags": ["trading"]}"
created2018-01-03 19:37:06
last_update2018-01-03 19:37:06
depth2
children0
net_rshares1,330,736,358,130
last_payout2018-01-10 19:37:06
cashout_time1969-12-31 23:59:59
total_payout_value11.268 SBD
curator_payout_value3.740 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length1,359
author_reputation24,609,971,519,844
root_title"Looking Like a Range"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (3)