CONFIRMED - Bitcoin is going back up! The correlation between Price/Active Addresses never fails and there's a strong disconnect
What do you think, is this the bottom?
I may be wrong so go ahead, prove me wrong and we all gain knowledge :)
Do leave your comments below!
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Tell me what you think of this post in the comments below. This is not professional investment advise. I'm not your financial advisor. Only invest money you can afford to lose!
Follow me for updates news and commentary on "sane" crypto investing.
Happy crypto investing!
I would imagine that a lot of people that knew about bitcoin, but didn't want to get into the market for fear of being too late, have been buying with both hands on these declines.
This would partially account for the surge of active addresses.
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yes i agree with you bitcoin and steem crepto going up very soon
a big pump in the market in the next day
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yes, gradually crypto is getting back it's glorious day.............
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you are great guy @cryptoeagle
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at now BTC $7752.26...I think it should be increased day by day.
thanks for your post @cryptoeagle:-)
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I think it was probably the bottom. The two questions i'm interested in are: Do we go sideways for awhile before a big uptrend, or a big fast recovery?
Will altcoins lag as bitcoin rises, or will enough money and interest in the entire crypto space make all coins surge at once?
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Hi Dan,
I think we might still have some weak hands around that will keep the price down, so probably sideways for a while until whales decide to jump in once we get some good news such as Coinbase adopting Segwit and more advances on the Lightning Network. Tether would be a Black Swan lurking also, gotta keep an eye on that one. regards!
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Great points. It will also be interesting to see what the stock market does, and if they go phasic or not.
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stay blessed with travel..........i love crypto whatever happens
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Bitcoin is one of the biggest opportunities since the invention of the internet itseif....great times to be around.......
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Crypto weenies to your battle stations, Uncle Scam is putting together a battalion just for you.
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valuable post..thanks for sharing
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Somehow Russia, Iran, and China will also be 'involved'... maybe even Venezuela.
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Looking at that chart, I would want to wait a bit longer to have a confirmation. I also wonder if transaction volume can be a good proxy?
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Certainly agree with you there. I'll keep monitoring the chart. Looks promising so far :)
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Yup, and price action has been very nice since last night
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crypto is facing a great crisis. i hope it will soon go back it's glorious day......
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cryptoes are future......
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I hope your assessment comes right .If that happens that will be a great news for all people who are related to crypto market.
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so informative post for us. thanks for sharing.
resteem and upvote
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well i am not sure whether bitcoin is going is go up or move down. lets set aside and watch what happens..........
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This is really a great news after s much depression. We all were depresed at this huge dip. Finally, good news arrived to satisfy.
I already have BTC that why I will not go for investment even I can't afford. Your advice is an honest. :)
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I have never seen data correlating these variables. Thank you for sharing.
And of course bitcoin will come back to life just like Kenny from South Park does after each cycle/episode.
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@cryptoeagle i feel same too . 200 day SMAA was at $6000 and btc touched it , only way now is to go up . Lets moon !
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Fortunately Bitcoin is back on the track :). But also I Think Z Cash or Ethereum are gonna rule 2018. Lite coin is also predicted to hit 20k in 2 years.
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Cool, we can now have WW3 start over bitcoin. That'd be fitting for this idiocracy of a world.
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For those who are new to crypto , don't make a loss by sellling at low prices . HODL .
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I have a hunch that meeting today could be the positive news we needed to see the reversal. Certainly seems to have impacted the market very positively so far. Can't believe I'm actually excited to see 7.7K haha.
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I disagree personally, until we see a breakout of the downtrend. We're still below the moving averages, and we're still not even halfway up yesterday's red candle. However there is some optimism, with the Senate hearing today ... hopefully we can establish an upward trend
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Indeed, this is still good news though. I will be monitoring the charts tomorrow, see how active addresses hold up. regards
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coin market is going back to it's past today gradually........love to stay with it...
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Don't you think it will stay bearish till Chinese Lunar new year as every year we see dip around this timezone ?
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I hope it's bottom now... I'm hodling most of my crypto.
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It must be bottom.
Elon take us to the moon!
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This is really great
thanks for sharing your information..
@cryptoeagle
Have a great day
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i am totally agree with you... cryptocurrency will rise soon... we should not lose hope... keep believing... 👍
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that's great News hope cryptocurrency recover soon
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Great news! Thanks, @cryptoeagle for this post. I learned a lot and will keep doing so from you. It's important to give hope and truth to people with relevant and checked facts. Keep it up!
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Really hopefull news for all steemians. We want btc go to moon again...Thanks for sharing.
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Read it again. I'm up 100% over the last year, but down 50% from the peak. I was up 300% at the peak, now only up 100%.
It is just you. You're not good at math.
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good post and a lot of information
thanks for sharing
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Thanks a lot for sharing your valuable post
.I appreciate your post..Thanks for sharing...This time bitcoin very low but some time after recover...Keep it up..
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Yes sir Bitcoin is going back up.
I agree with you.
Thanks for sharing.
Upvote and Resteem
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thanks sir
great job that is
again thanks for sharing the valuable post about bitcoin
keep it up sir
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well posted
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so informative post for me.
thanks for sharing
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BTC must get back it's glorious day......God bless it
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this very important news for us.
specially steemit user.
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Great news that bitcoin is going up. It's time to show patience. Patience is virtue. All the best to cryptonians holder. Thanks for sharing @cryptoeagle
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It is nessery for us thanks for sharing
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Thanks a lot for sharing your valuable post....
Carry on next
Best of luck..
I will still wait for your next post...
keep it on...
best of luck
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You are the Best
i upvote you @cryptoeagle
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This content is more informative and educative about Bitcoin.now i am learning more valuable things from your post .Thanks for sharing this significance post .I am waiting for your next content .Again thanks
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Outstanding perfomance for bitcoin...
Thank's for sharing
sir your work is great
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I appreciate your post..
thanks for your learning post..
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wow so great post.thanks for sharing your post..
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your post is so great..i think it's informative too..thanks for your post
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A digital money is an advanced or virtual cash that utilizations cryptography for security. A cryptographic money is hard to fake in view of this security include. A characterizing highlight of a cryptographic money, and seemingly its most charming appeal, is its natural nature; it isn't issued by any focal specialist, rendering it hypothetically invulnerable to government obstruction or control.
your post is useful carry on
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Bot alert?
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Yes I agree with you dear..
I realize this my friend..
Go ahead ..
Resteemit done..
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Wow amazing post of bicoin update dear..Keep it up...
Thanks for sharing ..Resteemit done..✌✌✌✌
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we need more posts like this, when someone offers you FUD, just say no.!
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Crypto/BTC is a great way.The earliest way to get rich and not just make money with crypyo is to buy BTC and hold for year or two..........
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. A characterizing highlight of a cryptographic money, and seemingly its most charming appeal, is its natural nature; it isn't issued by any focal specialist, rendering it hypothetically invulnerable to government obstruction or control.
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