In the last 24 hours Bitcoin has moved from $6898 to $7406 on Bitstamp. This is a very positive move to me and much higher than the $6500 level we saw earlier last week. Does this mean the trend has turn up? Are the Bulls ready to run with Bitcoin?
Source: bitcointicker.co 12 hour bitcoin chart
Here are the Chart Guys with their daily short term technical analysis. In the beginning of the video Dan introduces a new alert system that highlights bot activity. I don’t know how to use it so I have not bought it.
This video from Dan is about 24 hours old, but he was looking out for a bounce and we did have a one.
Here is Haejin Lee with a positive long term outlook. I like it a lot! 😊
And look at this beautiful correct prediction by Haejin Lee. He perfectly predicted the Hugh bounce of today. Steem was up 100% at one stage to $3.00. This video was made yesterday:
Do you think the bottom is in for Bitcoin and Steem (and SBD)?
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Colin Brazendale
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I am a successful bitcoin cloud miner and affiliate of Genesis Mining and USI Tech. I have been mining for the last 19 months. I highly recommend Genesis Mining and USI Tech to earn bitcoin and make money online. I believe it is more important to earn income than hold assets. That is why I recommend mining crypto and blogging on Steemit.
Yes, I trust this is the turning point we have been waiting for to long.
The last 2 weeks has been a big test for Bitcoin. But was that the last wave down?
We are headed lower...ALOT of digestion needed after the initial PUBLIC attention. Unfortunately many of those who bought 12k will need to be washed out before the move back through 20k and on to 500k
https://steemit.com/bitcoin/@heyimsnuffles/bitcoin-has-worst-quarter-ever-lmao-asshats-from-cnbc
We're going down to $5700, then we'll see a real bounce imo
Do you really think that? I hope not. Why do you think that @tradealert?
Two reasons @colinbrazendale, fundamentally I don't thing we've attained the point of maximum pain characteristic of the end of market cycles yet and I don't see a lot of strength n this bounce so far. Technically $5700 is a major area of interest in terms of volume profile, I've written about this in my latest blog post:
https://steemit.com/cryptocurrency/@tradealert/bitcoin-market-how-high-can-we-bounce
That is a great news. Keep on giving us the updates. I really like your work.
Thank you for your support. :)
You are welcome boss.
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We need to maintain and hold a break above $8000 before i think we can confirm the trend change! One piece of positive news are we're off!!
Hopefully, although not sure if trap