Well, it seems bitcoin did it again. Just as it did on March 18th - looking like it finally closed below the long-term trendline to suddenly rally in the last two hours of the day to close the daily candle above it.
In the Nick of Time
In the video below I discuss today's action plus some simple principles, mainly that...
- The Trend is Your Friend
And also the price levels we should pay mind too.
Hope you enjoy!
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Best Regards,
Disclaimer: All info in this post is my opinion and for educational use.
Free e-book: ScaredyCatGuide to Knowing What the Heck Bitcoin Is
Best Regards,
Disclaimer: All info in this post is my opinion and for educational use.
What a wonderful analysis on the current situation of the Bitcoin in the market. Short and Crisp. I think you are right @scaredycatguide, even though Bitcoin is going down every now and then, it shows its resilient nature at the end of the day and show signs of huge uproar in the future. Slow appreciation is still a plus. LTC is dead to me already as they are not doing anything unique or out of this world in terms of technical progress. Thanks a lot for your advice on the active investment. We need to study these charts to make our daily trading life easier and reduce the risk as much as possible. In active investment a profitable scenario would be:
Positive side > Negative Side
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Yup, it's all about asymmetrical risk.
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Nice posting :)
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God helps
Cme future is coming -__-
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Trend is your friend
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That's right. Play it till it breaks!
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Nice post!
Check this!! https://steemit.com/spanish/@albertocotua/la-pesca-del-dia
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Interesting to see how volumes have increased from recent lows. Probably the bulls and bears battling out the real trend here as it seems that something has got to give in this range to determine the ultimate trend. Thanks for the quick video and update!
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Yeah, it has been a battle for sure. I'm trying to remain patient, but damn I wish something would happen already :-)
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muy buen post amigo, el bitcoin esta tomando fuerza en varias naciones y es importante conocer mas de el
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The price action is poo. Poo poo poo!
#analyst.
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Yup it is mate! I was talking about it in chat earlier today. Everything just looks weak.
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The trend is down
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