Newbie trader here. Would like some trading tips. I see consolidation is happening right around $105.00-$106.00 area for the past few hours. Usually does this mean it will break out upward after or will it drop? Thanks in advance.
Thanks for all the feedback guys. I have traded before but would still consider myself a newbie since my experience level is low. I am always looking at the charts and the market data. I am not trying to make frequent trades throughout the day. Just trying to buy as low as i can and sell when its high. I am playing with a few grand so i wouldn't mind making a few bucks here and there while learning.
Newbie trader here. Would like some trading tips. I see consolidation is happening right around $105.00-$106.00 area for the past few hours. Usually does this mean it will break out upward after or will it drop? Thanks in advance.
Be careful, they will tell you the opposite they think is going to happen to take your money
I'll give you both scenarios. If the stock remains on 105-106 for the whole week, expect a drop to ~$80 again. if there's a move up in the price, it'll happen during the week, if not, brace yourselves....
If the stock remains right around $105-$106 why would you expect a drop?
Got it. So we will have to see how it plays out this week and see if it is a repeat of last week.
Price rising again with very low volume... painting the tape? Can we expect touching $110 today and $115 tomorrow?
Damn manipulators
Let the bubble deflate completely!
Anyway, i'm not buying it, sitting 100% on fiat until we go under $80, then i will start purchasing little by little.
Oh man, you're going to be butthurt when it hits $120. On the other hand, I can see $120 then crash to $90 and below. If not, $180 in a month.
Calm down boys. Before going to $180 it has to break $166. When $166 is broken, the sky is the limit.
Why does it have to break $166.00? Why is that a significant break point? Thanks in advance.
Just hit double digits a few minutes ago.
I am having problems logging into Mt. Gox.
503 Service Temporarily Unavailable
Is anyone else getting this?