Deedz

Bitcoin Dead Money for Now

OTC:GBTC   BITCOIN INVT TR
snapshot
wait for range lows. This isn't going anywhere fast
Gold has been the play since December. Bitcoin dead money until it’s not.
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this is still a great short-term trading vehicle. check out the 15m, 1hr, 6hr charts.
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Deedz convenient
@convenient, gold has been the play. Silver just broke out. Check the chart I posted
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@Deedz, i'm already in NUGT, UGLD, USLV since two days; what an amazing day today. btw, this is 'watcher0o9' from ST, and i heard from jonifinance. happy to join your chatroom if not too crowded. as usual, i will be mostly quiet. i'm just a hobbyist.
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Deedz convenient
@convenient, oh be careful. Upside getting more limited. 1400 gold?
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@Deedz, indeed 1400 appears to be a huge resistance for gold. might get out tomorrow or so, and keep watching.
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People are waiting to see what will happen on Friday when the CME Bitcoin Futures contract matures. BTC will likely drop Thursday - Saturday, but I expect a big run if BTC touches $8,300.
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Deedz texaspro
@texaspro, wash all the weak hands out and it can run again..when every idiot i know was all in their IRA"s above 15k you knew we had issues
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@Deedz, Yep. Well put. I'm mostly on the sidelines until the weekend. On a side note, GBTC splitting 92:1 or whatever it is should help. The premium is still too high however.
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Deedz texaspro
@texaspro, yeah it’s way over valued. I think bitcoin probably just flattened out. Someone setting the floor. Just no catalyst
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