Jan 21 Bitcoin Price Breakout – Strong US Buying Volume Pushes Prices Higher

3
SHARE

0
0
0
0
0
0
0
0
0

——Join Our Private Trading Community——-

http://lumbridgecity.com

Watch at 3:32

Bitcoin breaks higher, surging on strong positive buying volume on the US markets while the Chinese Bitcoin market rose with little volume to start. Prices have consolidated and hesitating before heading in another surge of prices.

Bitcoin News, January 21 2015

Bitcoin prices are on the rise. Speculators are interested in learning why bitcoin are rising, but first the charts will move before the news gets out.

This bitcoin breakout is a great chance to practice a trading plan in real time, and you can even start with micro-amounts of real world money.

3 COMMENTS

  1. Man it almost looks like a bottom. I like the way the volume dropped away at the low price recently. Then there were many small buys, tiny increases in volume with slight price increase then today's spike. I was holding off on buying my monthly bitcoins but decided to buy today, so I traded some of my hard earned mechanic wages and made my purchase. Got 2 more at what worked out to about 232 each (after the fee) and I'll dump them into the encrypted paper wallets that I use for my long term hold bitcoins. I probably won't spend any of them for 3 or 4 years. I'm hoping by then, they'll be enough to let me retire 11 or 12 years early. All I need is a bridge between now and when my conventional retirement arrangements become eligible to start paying out.
    I've never been able to make a profit with technical analysis. Tried it during the tech boom, the tech crash and later around 2005 before I got sick of it. Then I got wind of the economic crash back in 2006 and I adjusted my finances so it would have little impact. 2008 was a breeze for me since all it did was push my silver up in price for a few years. Then I tired it with alt coins in early 2014, making elaborate spread sheets to calculate when to buy and sell and plugged in my trades, but the couple bitcoins I started with just whithered away and died. I pulled about .25 bitcoins out when I got tired of losing money but my bitcoin investment has just been long term buy and hold. LOL, and yes I've lost my ass in 2014 like everyone else but I'll continue with it. Since 45% of all bitcoin transactions took place in 2014, the network is obviously still growing, and microsoft taking them along with all the other companies has upped the status of bitcoin. From what I can see, it's only a matter of time before bitcoin starts to rise. It will probably be slower this time but this time around it will probably stay up while bitcoin weaves it's way into the financial system.
    And if we have a really nasty horrible economic explosion (the one they delayed by supercharging the printing presses and doubling the money supply since 2008) then having something of value that's outside the conventional economic system is a good thing. A crisis like that is likely to cause the bitcoin price to explode past it's 2013 high into tens of thousands each (or the crisis could prompt the elites to outlaw bitcoin, which would be a crippling blow to it's price). It's worth the gamble though. I added $460 something to my gamble today. I wish us both good luck.

  2. This just in:  
    Bitcoin breaks higher, surging on strong positive buying volume on the US markets while the Chinese Bitcoin market rose with little volume to start. Prices have consolidated and hesitating before heading in another surge of prices.



    

LEAVE A REPLY