On my previous chart, I asked will BTC test 10K we can see a clear support level here. If BTC holds support then we have a real possibility of retesting the 10k, if not then we can short BTC to the 8300-8000 level. What are your thoughts should we hold or should we short?
We are all watching price action, we are all shouting 20K hoping this will move the charts by hope alone. Many traders are looking to make up for the losses from 2017 maybe you bought in at 18K and thought the fudd about 30K Bitcoin was a no brainer....and then reality set in. 2018 was a BLOODY year many people exited the market and will probably never return. we...
We have seen BTC skyrocket to over 8k without any solid reasons, maybe consensus maybe the Ebay rumor. What we do know is BTC seems to hold above the 7k and a strong belief by many we are headed to 10k plus. I am not trying to predict what way BTC will head and I doubt anyone truly can. What I do see are two possibilities, there's more but let keep it simple. I...
Im hoping BTC breakout of this downward slump but with the MT Gox dumping and the lack of new investors I'm thinking we are headed for major swing side ways AT BEST! I believe we will have a little momentum upwards but not break the 10K mark, at least not till end of summer. If I am wrong then we are headed for more of a bear market, I will follow up with another...
This is one of my favorites coins, Im hoping for a bull and the value rises but honestly I think I will decline and gather a little more steem. As for long term this is in my opinion a good buy. but you should always DYOR
Momentum has brought us to the lower level of the price rectangle aka the fun zone where this will determine what the rest of 2018 will look like. There are multiple scenarios that may happen:
1 BTC can not maintain its momentum and volume decreases which will continue the current bear trend,
2 BTC accumulates and build up pressure
3 BTC accumulate for a few weeks...
