Market Update: Bitcoin sets a new record high and new record close (again)

in bitcoin •  7 years ago  (edited)

Hey folks, just a quick update on Bitcoin today as got to head up to Sydney, will try cover ETH and STEEM later tonight:

BTCUSD set a new record high yesterday, trading as high 3484, before pulling back a little to set a new record close at 3415. I remain long from 3125 (probably a little higher now as I'm fading in) and looking for 4K minimum. Pair is currently down on the day, but we have short term support in the 3150-3260 zone, and major support below there 2800-3000:




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  ·  7 years ago (edited)

I think we may test the top of the short term support around 3260, but also still bullish aiming for 3900.

Bull Market is here again. Yey!

I hope it lasts the whole August but I'm not confident it will as this month is a ghost month for the Financial world.

For myself, I consider the best point to buy $ 2,900-2950.
BTC.png

Thanks for the update mate. Yesterday was one of the best Tuesday I've seen. Today a slight fall, hoping it will continue to move up over the next week

Great content, upvoted, resteemed, follow, pleaseeeeeeee follow me back.

Ahhh, just kidding!

Bitcoin to the moon mofo!

Oooo everyone is already enjoying BTC, and a few days ago they complained that it was over

Hello friend @bulleth congratulations for your post, thanks for sharing it, keep it up

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I like this as it gives strength to all the other alt coins!

Great post again as always mate

I still need to learn how to buy :)

It's very easy to buy cryptocurrency in 2017 - what coin did you want to buy?

I just got my coinjar verified, but I can only buy bitcoin with it I think. I was thinking about steem, and still learning about others :)

Once you have Bitcoin, you can buy anything by just transferring your Bitcoin to an exchange like Bittrex :)

Cheers mate, I was thinking that was the next step, thanks for clarifying.. Do I leave it on Bittrex then? Or need a wallet? or back to coinjar.. So sorry for the questions mate, I am so new to this, and keen to buy :)

Depends what you are buying and what you intend to do with it - it is generally not advisable to leave coins on exchange, unless you are actively trading with them. If it is an investment, you'd usually transfer it to a local wallet which you keep offline and don't lose. If however you want to keep trading the funds for other coins, trying to make a profit, then you have to leave it on exchange. If you are buying STEEM, you can transfer to your Steem account and power up to STEEM POWER!

Cheers, thanks heaps for taking the time to answer my questions..

  ·  7 years ago Reveal Comment