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gfp927z

09/12/17 9:55 PM

#166 RE: CuriousWon #165

CuriousWon, Wow, that sounds great, and has me ready to buy some Litecoin :o)

You sound like you must work in a tech field related to these cryptos.


Based on the charts, it looks like Bitcoin will soon test 4000, which is a fairly key support level. GBTC is already there, sitting right at key support around 700. Looking at the GBTC chart, it wouldn't be surprising to see it fall thru this support and down to the next support area around 550, especially since we know Andrew Left is shorting it and his presence may attract other large players. It's possible there might be a divergence developing where GBTC falls while Bitcoin remains more stable in comparison. Tough to say though.

Ethereum is right at key support also, and doesn't look like it will hold. Same with Litecoin, with next support at 55 area.

Ideally it would be nice to see Litecoin form a base in the 55-65 area and enter a trading range for a while, that would be healthy. Alternately, it might form a lower but wider trading band from 40-55, which is where it traded for much of the summer. If it breaks below 40, we've got problems from a TA/chart perspective.

As wild as these cryptos are, their moves are actually more orderly than the small cap bio stocks I used to follow :o)