Bitcoin is down about 12% today, testing the lows of the last
two months. Wondering if it isn't becoming a very good risk on/risk
off indicator for markets...maybe a leading indicator? Or maybe
just in its own world.
yes the cryptos are taking it on the chin today. Bitcoin
futures had a nice long here when price pulled back to the MA's,
but I missed it, I'm too busy trying to catch up on other
things
Yeah, there's been a ton of support every time it goes south of
10,000 -- if we get a daily close down in the 9000s then I
think we could get a quick flush much lower. I haven't been trading
it, just watching -- good spectator sport! But maybe it is kind of
a risk/off trade today...
Bitcoin is down about 12%
Posted by puma on 30th of Jan 2018 at 01:47 pm
Bitcoin is down about 12% today, testing the lows of the last two months. Wondering if it isn't becoming a very good risk on/risk off indicator for markets...maybe a leading indicator? Or maybe just in its own world.
yes the cryptos are taking
Posted by matt on 30th of Jan 2018 at 02:40 pm
yes the cryptos are taking it on the chin today. Bitcoin futures had a nice long here when price pulled back to the MA's, but I missed it, I'm too busy trying to catch up on other things
Yeah, there's been a ton
Posted by puma on 30th of Jan 2018 at 02:59 pm
Yeah, there's been a ton of support every time it goes south of 10,000 -- if we get a daily close down in the 9000s then I think we could get a quick flush much lower. I haven't been trading it, just watching -- good spectator sport! But maybe it is kind of a risk/off trade today...
yep I concur, def a
Posted by matt on 30th of Jan 2018 at 03:46 pm
yep I concur, def a support zone in that area, but could open up the door for a larger pullback if that's lost.