Thats the problem with these darn charts, can be drawn several ways so which way is correct.   It seems a trend must fail multiple times from varied perspectives before it falls hard like was in potential.   I think it looks bearish in several time frames and is also on trend to decline, its been a while coming so my guess would be the negative does take place.



This is only short term but watching if it holds down or not.

Why does a ETH token affect BTC so greatly, the news could be real and the selling even but I dont see its especially a long term effect.   Theres always a story to accompany selling but I always place the graph first and the story on the charts first formed a long time before this story.   Its due some selling and this is just the headline that runs alongside that selling pressure taking place.  
   If theres actual news concerning this protocol and its continuation then its big, actually new and deserves genuine examination.  The idea people in the world can be dishonest and others misled was not news thousands of years ago nevermind now, sorry it happened but theres bigger negatives in the world I'm sure.


The biggest finance corruption in our economies is trillions big and generational in effect.

I've never agreed with placing it all on one thing, because this market is too open to abuse.   The outside chances of unknown news striking down what was previously a good venture is too much of a possibility.   I have to agree, the best advice is never be all in one place.   The fact is when you vary risk, sector and your allocation size it puts you in a better frame of mind.
   You will see value best when contrasting it against each other.    Also by keeping a variety of risks, you can justify taking greater risks.  My best performer is my most risky share but if I have taken profits and placed those profits elsewhere then I can keep holding a share with just 1 asset in country which is volatile, but I already gained from it.    Always have security close to home, unless you can afford to lose everything and have no obligations then I guess the risk is yours to take.

The boxing fights I've bet on that I was certain of the result unfortunately already had odds not giving a large pay out, too many people agreed with me.   Where I took an uncertain bet with good odds that would payout multiples of what I bet, I bet small.

I cant say I've ever had the confidence to bet a really large amount on really great odds where everyone disagreed with me.  I go against the trend but to bet large too, never been that sure but also I avoided any giant loss too, so I won by not losing?   it all adds up imo

Know the odds better then either the rest of the players or the house itself.   Its not impossible just hard to be right more often then your opponents and everyone else, the biggest clue is consistency and not falling into the trap of being guided by the money itself.    Sports or poker gambling is where you are most often against popular opinion rather then the straight maths of dice or a rigid game, but its alot more involved.   Ideal if you are a fan anyway, dont do what you dont enjoy its not worth it

10k itself isnt support, its the areas around it above and below that are like gates open or closed.   RIght now I think we are open to move through this area more easily.



Just 5 minute bars but I think its struggling to recover above the basic low first seen after the 13k sold off, $10,300    If we cant bounce this much the market is more likely to go lower before it really turns properly and is more bullish.   So more work to do, more time before its positive.

I should state the bar size yea, this one is 1hr.    The MA is 50 so that makes it just above 2 days of average price.   Actually not that far above is the monthly average roughly, I always use 50 and 200 I CBA juggling variables




The horizontal lines I barely remember in an exact way myself but its fib levels from a strong move, hence it can prove some relevance later.    Its all maybes, its just a picture to place on the price and decide if we are strong or weak, sometimes the market goes up only to capture more before it continues down.  

I would suggest it should hold this 2 day average, if we are to hope for positive movement.   My first thought is for 10400 to act like a ceiling but lets see how the daily bar forms for today.



Here it is, the first fall from grace and does it echo now or not.  [1 day bar]

I like this guys profile, you say not ordinary but the advantage he perceived seems a possible observation by just anyone who paid attention every game and looked for a profit vs the odds.    Nice to know such a thing is possible and give me hope of spotting such an advantage myself at some point in my life -



Lots of people are 'good' at reading people, this is a normal skill people hone their whole lives outside of gambling.   Maybe alot of people are deceived easily but when we take populations of millions there is no doubt many 'ordinary' folk who have become very adept at reading and so could do well in poker or similar games vs others.

Bet Martingale but only start with 1 Satoshi bet.   Then you never run out, you get your wish to always win in a session (most likely) but with the drawback its unlikely you ever win anything big.     If you somehow still fail to win with this strategy, then give up and do not just try again with more.   Find a method or a game that works on the smallest bets and only then go forward with that.

Well I took your advice in honour of someone whose recently passed and always supported Wales.   Its true Wales do have alot better chance then those odds but I'm not exactly sure where the line lies as I'm not expert on their prospects overall but I know they have had enough success thats its a definite possible and 5.41 doesnt allow for that.
   Its a warmup match which means to me unexpected results can happen and also match will be in Cardiff, Wales capital city which does no harm for home advantage.

Too many bets for the draw, pretty sure thats not likely

Heres a very short term graph for this very recent rise:



I think somewhere around 10200 area is the top to beat, the bottom prices are the lows seen previously since late June.

^^^ We're out of that channel, its no longer has us on an ascent upwards.   So we cruised sideways and just this moment are going down again.     

I'm here once again to post a simple chart with an idea, if we are to break this series of red bars as markets always tries to prove everyone wrong and will attempt to do so.   Here is the Line in the Sand, 10,200 or higher look again for some recovery or attempt upwards.   A retest of previous support would be a good natural move, Asia might get bullish who knows what happens

Dollar value relative to other FIAT has been going up since start of 2018.   So BTC already did well to recover even when QE is ongoing and they are already dropping rates again.    I think political incidences do matter to the usage for BTC in various countries far removed from any open banking system.  Theres quite a few assets which are used instead of conventional currency because the system is so screwed up by accident from inflation and on purpose from restricted access to free capital movements, etc.

Its reasonable to expect 9300 area again and I think there is a larger picture to deal with on price direction, at best its sideways with fights ahead.

I think it has lost momentum in stages, like a plane at the top of its ascent it will glide and then it loses the flight speed to stay at that altitude and appears to drop though it was coming for a while.

So who knows long term, probably it will not happen all at once.   I'm only looking at 9300 area for it to hit that and then probably there are orders there set in the hope of the 30% gains BTC can pull out the bag.    It is quite a series of red bars currently though.

Longer term, so weekly bars I think its reasonable to speculate we can be lower and its already in a trend to do so.




  We could get like 8500 which isnt especially harsh but its lower then previous closes.   If we can do that then it would seem to confirm we wont just be repeating previous action, bouncing in a box.  
That previous weekly bar, green but hitting the top in that way and receding is bearish.   Then its had some attempt to go higher and now firmly conforming to more bearish action, so its been whipped into line and it is a harsh or sharp action I guess.

Not holding 9000 would be upsetting to some, I've assumed a channel but it could be worse or more muddled.    It has this whole week to beguile and confuse people 

10,388 is the target for the price close this day out in an hour or so.   If its below there its acted negatively all day and I would speculate will continue.   Its failed on multiple perspectives and did not challenge the 50 day average earlier.
The 4hr bar did not close positively, it attempted to and showed as green before then negating what could have been Fib level support.   Thats the support I'm now naming for the daily bar, if we cannot keep it I think somewhere closer to the lower 9000 prices is reasonable

What I dont quite get is why one countries ETF regulations are the start and end of this proposal.   There are major markets all over the world in lots of different currencies, sure USA might be the largest but theres surely other routes.    Seems strange it should come down to a few peoples opinion on BTC when its all about decentralisation why would this be a chokepoint for development and why is that ok.   Surely its not compatible if so constricted, not really.

I get money matters and this alot of money potentially flowing in but I think dont see its important at all to the spirit of BTC and its long game.   Its just speculation.

Its possible the negative action for today has completed its pattern.  Its hit the next rung down and so we are seeing some buying:



So if you want to flip negative, upside target is around 11,200.   NOt a bad trend whatever the larger ongoing resolve of price direction.   50 Day average is about 10,900 so being above or below that is quite important.

I think the biggest thing with stops is are they leveraged because they may not have a choice then.   The market has a habit of wringing the sponge dry, basically it will shake the loose money out.   Its a natural phenomena that always reoccurs.



See if it can lose the 50 day MA convincingly first.   A good close below and a continuation down would seem to indicate more work needs to be done for any positive movement hopes.

Capped, confined and collapsed.   Couldnt beat the 8 day average which seems to be a good place to turn negative when it acts like this.   Then it failed the Fib line and fallen down a rung to the next level.



So should the target be 10,400 for an area for it reform any attempt upwards.

Old idea on an old site, they've seen it all before.    The best idea if you want to get alot of free faucet claims is to go the referral route and get alot of people to sign up with your link.    The faucet payout is to most useful to place on events bets and then its all free and you can double it fairly easy imo, etc.


Its zero cost here pretty much on special offers, still not really worth the bother.