Bitcoin Dead Money for Now

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wait for range lows. This isn't going anywhere fast
Gold has been the play since December. Bitcoin dead money until it’s not.
this is still a great short-term trading vehicle. check out the 15m, 1hr, 6hr charts.
DeadDeedz convenient
@convenient, gold has been the play. Silver just broke out. Check the chart I posted
convenient DeadDeedz
@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.
DeadDeedz convenient
@convenient, oh be careful. Upside getting more limited. 1400 gold?
convenient DeadDeedz
@Deedz, indeed 1400 appears to be a huge resistance for gold. might get out tomorrow or so, and keep watching.
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.
DeadDeedz 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
texaspro DeadDeedz
@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.
DeadDeedz 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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