[ Bitcoin ] Question: Was that the bottom… or just an oversold bounce?

in bitcoin •  7 years ago 

Yesterday a was hoping the $6088 will hold, but it did not and went down to $5969. Not much lower than $6088 thank you Bitcoin. But then we saw another great bull run to $8081,yeh!!!!

Bitcoin has shown it can be spectacular in up and down trend. Currently my biggest holding is Steem and SBD. Bitcoin pulled all the altcoins down with it. SBD pulled back from lows but currently it is at $3.08 on coingecko.com that is below the current average price on Steemit of $3.56, so out post earnings might fall more in next day or 2, eina! If you are buying upvotes, like me, you might have a negative ROI.

Dan at The Chart Guys says the bottom is in for now, but we need to see a green day today to follow through.
Here are The Chart Guys view on the bitcoin price bottom:

Tone Vays is optimistic for a change because his weekly chart is on a 5 and the candle chart ended on a hammer. See video below if that did not make sense.

Cryptoadviser thinks it is all up to the Bitcoin Whales to decide if this is the bottom and he explains it in his video below:

What do you think of the current bitcoin prices?

Please give us an Upvote if you think this info was helpful. It will help my online business a lot and I hope to return the favour soon.

Thank you. :)

PS. Hot tip 1, Remember don't upvote this post if older than 7 days, you are wasting your voting power!
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Thank you for your support.

Regards

Colin Brazendale

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its on an upward trend and most coins are pulling double digits growth, its all green as also the market cap is growing.

Sneaky Ninja Attack! You have been defended with a 13.08% vote... I was summoned by @colinbrazendale! I have done their bidding and now I will vanish...Whoosh

We need see on fundamentals. Since the South Korean's ban, India's ban, Davos meeting, 500m hack and Banks banning the purchases of digital currencies with credit cards, Bitcoin crashed from 20k to 7k. Maybe we'll see a little more more news. But could be a good time to buy cryptos.

I think we actually saw the lowest point already. Obviously hard to be sure, but I'm pretty optimistic.

Gonna day trade for a while. Will just day trade in a reliable currency which I can hold in case it doesn't rise back.
You mentioned holding SBD. Aren't you afraid it will go back to $1.

i think we have not yeat seen lovest point this month remember we seen greens all day and then boom all of a sudden such lost and now again green and mark my worsds there will be massive dips again

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I think 3100 is the final bottom

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  ·  7 years ago (edited)

Crazy ups and downs with bitcoin but I'm just sitting tight. I hope steem goes up again soon because I keep seeing price falling on posts!

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Good post. I believe up from here, thats why i bought some bitcoin yesterday. Thanks for the tips on upvoting ;)

Thanks u for the hot tips bro. I followed u and upvote! :)