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    [Daily Discussion] Tuesday, June 09, 2020 Bitcoin Markets

    [Daily Discussion] Tuesday, June 09, 2020 Bitcoin Markets


    [Daily Discussion] Tuesday, June 09, 2020

    Posted: 08 Jun 2020 09:04 PM PDT

    Thread topics include, but are not limited to:

    • General discussion related to the day's events
    • Technical analysis, trading ideas & strategies
    • Quick questions that do not warrant a separate post

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    • Do not make posts outside of the daily thread for the topics mentioned above.

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    [Altcoin Discussion] Tuesday, June 09, 2020

    Posted: 08 Jun 2020 09:05 PM PDT

    Thread topics include, but are not limited to:

    • Discussion related to recent events
    • Technical analysis, trading ideas & strategies
    • General questions about altcoins

    Thread guidelines:

    • Be excellent to each other.
    • All regular rules for this subreddit apply, except for number 2. This, and only this, thread is exempt from the requirement that all discussion must relate to bitcoin trading.
    • This is for high quality discussion of altcoins. All shilling or obvious pumping/dumping behavior will result in an immediate one day ban. This is your only warning.
    • No discussion about specific ICOs. Established coins only.

    If you're not sure what kind of discussion belongs in this thread, here are some example posts. News, TA, and sentiment analysis are great, too.

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    Bitcoin Weekly Data - (BLX) posted for them data homies

    Posted: 08 Jun 2020 09:34 PM PDT

    Bitcoin Weekly Data - (BLX) Bitcoin Closes the Week range bound between high of $9,798.09

    and low of $9,667.76 in a tight 1.35% range. Stochastic K maintains upward momentum staying above Stochastic D looking to climb to 90's with stochastic K clsoing @ 89.43. Bitcoin inches out .22% gains to close the week slightly up from last week. RSI maintains in bull zone with inching higher closing @ 58.89. If Bitcoin can gain momentum, we can look for it to test its upper Weekly bollinger band (BB) @ 11,329.12. Last time Bitcoin has tested its weekly BB was 2/03/2020 with upper BB @ $9980.12 & Bitcoin closing the week @ $10,167 1.84% above its weekly BB (stockastic K was @ 94.14). Bitcoin has closed a total of 85 weeks above its weekly bollinger band since start of BLX chart data starting 7/12/2010. Bitcoin had first close above its weekly BB @ $0.64 @ $0.90 the week of 1/31/2011. Bitcoin closed 20 weeks above its weekly BB in 2017; 0 closes above in 2018; 9 closes above in 2019; 1 close above so far in 2020. Will Bitcoin flip its trend climbing above $10,500 and close above its weekly BB in the coming weeks??

    submitted by /u/philjonesfaceoffury
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