Market Update: Bounce can be expected from $7200...

in bitcoin •  7 years ago 

Hello Guys , how are you doing? I hope you are doing nice.

Yes as I said earlier market is unstable and can dip to $7200. I already recommended you to close your long positions and told to do scalp trading for small profits at BITMEX.

But for now market update is Bitcoin has dipped below $7800 which was the strongest support and now next support is at $7500, this is very small support. Next strongest support is $7200 and I am expecting bounce from this level.

Market cap also broke strongest support at $365 billion and now swinging at $340 billion. For now next big Support for market cap is $330 billion. If market cap bounced from that level next Bull run is expected. We can also see it at next ATH. So just observe the market for now.

For Alts market it is suggested to close all short term trades for long term holdings everything is OK nothing to worry about. But still you can trade in alts having strong fundamental news, cause when bitcoin moves no one can predict TA of alts. But as all alts are down to nearly 10% . I will suggest you to go for some shopping and always buy partially in red market and buy alts like ADA, XVG, TRX which are showing good TA as well as have some big news with it. So this is the update for today.

Thank You
bitcoin alts marketcap update bears
7 years ago by

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      ·  7 years ago 

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        ·  7 years ago 

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          ·  7 years ago 

        Great post. I like technical analysis acticles.

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            ·  7 years ago 

          Coins mentioned in post:

          CoinPrice (USD)📉 24h📉 7d
          ADACardano0.201$-5.97%-20.33%
          BTCBitcoin7531.500$-4.89%-9.33%
          TRXTRON0.072$-0.01%3.55%
          XVGVerge0.041$-7.46%-25.29%

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