Hey guys,
Bitcoin is on the move!
Let's check the TA and Chart for today. An ABC correction typically falls within the range of the 4th wave (.382 and .5). The Fib retracements are .236 (10,180), .382 (8972), .5 (7996), and .618 (7019). Of course, we can also confirm price action with the moving averages on the daily chart: MA 50 (10318), MA 100 (9701), and 200 (9140).
Definitely time to watch all indicators for a bottom to secure a good entry point before the trend continues upward.
Technical Analysis
BTC Daily Chart
BTC History - BTC Reaches $1
"It was a milestone that Bitcoin loyalists had long anticipated. Nevertheless, a toast was in order the day BTC reached parity with the US dollar. February 9, 2011 was the historic date, and over on the Bitcointalk forum, talk inevitably turned to what this meant for the nascent cryptocurrency.
‘It’s Gonna Be Another Wild Ride’
This was the prediction by forum member ‘jimbobway,’ who had opened a thread entitled “Parity Party!!!” on January 11, 2011. USD parity was still some weeks away, but the writing was on the wall. Years on, the subsequent discussion makes for interesting reading, presenting a snapshot of views from the small but hardcore Bitcoin community." Bitcoin History
Happy Trading - 3rd Dog
Note:
I’m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
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