CAUTION:
Bitcoin Holders
If you have bitcoin watch the 1D chart to make sure it doesn't close below $5,736. That was on June 24th which was the lowest price we had all year. If we close below that today then there's a high probability we will find our next support at $4,939.
Bitcoin Buyers
If you are looking to buy bitcoin I would stay on the sidelines a little longer. There is no need to "catch a falling sword" so to speak. Wait until you see some major volume and bullish movements. Being patient is key.
Bitcoin Traders
Check out this fib retracement. There are various signs that tell me we will go down to the green 0.786 line.
#1. Pro traders follow fib retracements so we will see pros start to buy at that level.
#2. Look at the left arrow, that was resistance at one point. Now it will become support.
Want Buy & Sell Trade Signals?
If you were interested in the results my custom script is producing then you should consider becoming a member at my website. I forward buy and sell trade signals to my members the second i receive them. and if you have that same trading bot then you can trade fully automated.
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I visited you website . I will buy the signals after a little uptrend . It was really sad to see this shocking dip when we are in year end . Hope it gets back soon .
Thanks bud. Yeah I was honestly shocked it dropped down again. I seriously thought we established a floor by all that sideways trading. Also I agree, for my trade signals to be most profitable I would wait as well.
good!!
Great info and insight here, keep up the great work! Hard to see something like this coming, what a roller coaster! Happy hodling!
Thank you for posting this, it's interesting to see the market moving with no real "reason" per say. It makes me think that because pretty much every cyrpto is still lacking a simple way to purchase everyday items -adoption has been very slow, making the majority of the population wary that crypto holds any value at all.
In my opinion, the crypto "adoption" is still at a very early stage. After all, we're constantly being scrutinized by the media and fighting an uphill battle against the banks
behind the scenes, big things are happening. I believe big players are keeping prices low until they get the green light that allows institutional money to invest. I bet these big players are friends/partners with the institutions that are trying to get into crypto. If price goes up now they will be left behind and miss out on making millions/billions. or they can manipulate the price to stay low until they can legally enter the market. That scenario just makes sense to me, not sure if its true.
BAKKT will be the onramp for a lot of institutional money. check out my article or just research about BAKKT and see what it's trying to accomplish. It will basically be a crypto onramp for instuitional money.
https://steemit.com/bitcoin/@altcointrading/bakkt-explained-or-a-new-york-stock-exchange-bitcoin-futures-company
hard drop. who knows what will happen
thanks friend too give people good information keep it up
HODL
REKT.
Well since were on such a bear market I believe it better to hodl up and let it pass, I cant believe crypto will die one day it will prosper again right? Also ive been seeing articles about alts for hodling while on bear. ill share this one that i think is good.
https://www.facebook.com/photo.php?fbid=252267628977687&set=a.252270682310715&type=3
Who knows!!! Wait is the only hope
Well, my prediction is spot on, so ... I know :)
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