Bitcoin target can be seen near term at $1700-$1800 range.

in bitcoin •  7 years ago 

Bitcoin target can be seen near term at $1700-$1800 range. So, better take profit and keep patience to buy again. The pattern it is made by bitcoin trade today is bearish. 

So, I will suggest to sell at this level and buy at close to $1700-$1800. 

The fundamental of bitcoin is now more competitive to peer as well. 

This sell off may be due to profit booking. On the other hand, Ethereum is also a good bet who is giving competition to Bitcoin. 

The transaction fees is also high in Bitcoin.

bitcoin ethereum target trade sell
7 years ago by

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      ·  7 years ago 

    I disagree. I think Bitcoin is stable around $2500

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        ·  7 years ago 

      no worry, this is your vision. As I see technically this can touch to range $1700 - $1800

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        ·  7 years ago 

      Why? Will people pull out massively? BTC is so stable i cant see it happen

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        ·  7 years ago 

      this can be number of reason, profit booking one of major reason. Technically $1700-$1800 is the range where this can be seen buy again...

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          ·  7 years ago 

        "As a result a slump is created in the market when a lot of people indulge in profit booking. However, the slumps created as a result of profit booking are extremely temporary in nature. These issues get resolved and the stock price comes back to normal in a matter of days since there is no problem with the fundamentals of the stock. Profit booking are just temporary aberrations created by market sentiments."

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            ·  7 years ago 

          Yes correct, you will find bottom very soon, instead fear keep hold or buy again at that level.

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              ·  7 years ago 

            target reached... :)

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                ·  7 years ago 

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                  ·  7 years ago 

                Thanks @steemitboard.

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