Hi traders, this is your daily, one charted, market update on the Bitcoin market.
The market could go either way so I am not in a hurry to buy any dip, will enter a trade only if Bitcoin breaks out of that bear channel with volume then successfully retest the same trendline;
Altcoins are still strongly correlated to Bitcoin dollar-wise so a Bitcoin bear would further diminish the dollar value of altcoins.
Patience, patience and as usual trade carefully. If you liked this post please consider supporting the blog by upvoting, re-steeming and following yours truly.
Cheers.
Please upvote me back
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Will have a look at your blog mate :)
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Thank you a lot for the analysis! I really hope that the market could see some bullish conditions soon. It has been a while since the market has seen some solid upward trends.
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My pleasure @three14159, yeah the markets have been very quiet, good time to do some research though :)
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You got a 28.25% upvote from @nado.bot courtesy of @tradealert!
Send at least 0.1 SBD to participate in bid and get upvote of 0%-100% with full voting power.
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Cheers bot.
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Yesterday it was a important bullish bar on the chart. So my opinion Bitcoin price will continue own rising way.
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Yep, looks like we're starting to break out
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Great analysis, I believe the market will stay like this for another month, stable.
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Thanks @chesatochi, if BTC stabilizes we might see altcoins get a bit of a boost :)
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@chesatochi, looks like the market is proving you right thus far :)
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Maybe just a coincidence ;)
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