The bottom in BTC (and STEEM) is in, giddy up!

in hive-148441 •  4 years ago 

You heard it here first, Bitcoin bottomed and it's headed up from here

There's been a very interesting trend where bitcoin tends to bottom right around the monthly options expiration.

How interesting of a trend, well this interesting of a trend:

image.png

(Source: https://twitter.com/BinanceKiller/status/1375124779150143492)

And this time there is over $6 billion contracts set to expire, which is far and away the largest total ever.

So, if we have the largest total ever and we have a trend in place that seems to indicate bitcoin bottoms around these expirations, I like our odds of going higher from here.

My guess is this time won't be different.

The price will bottom sometime around here and trend higher over the next several weeks.

If history is any indication, this trending higher will also push the price to new highs.

What it means for altcoins is probably also bullish, and I would not be surprised to see STEEM surge over a dollar in the coming weeks.

hive-148441 bitcoin steem steemit crypto news life investing
4 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$162.87
  • Past Payouts $162.87
  • - Author $88.73
  • - Curators $74.14
83 votes
8
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  
  • Trending
    • [-]
      ·  4 years ago 

    Looks like this prediction is aging well.

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $19.52
    • Past Payouts $19.52
    • - Author $9.76
    • - Curators $9.76
    1 vote
    [-]
      ·  4 years ago 

    It marked the bottom and it's been up ever since.

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $19.07
    • Past Payouts $19.07
    • - Author $9.53
    • - Curators $9.53
    1 vote
    [-]
      ·  4 years ago 

    Looks like the STEEM call was spot on as well!

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $18.63
    • Past Payouts $18.63
    • - Author $9.31
    • - Curators $9.31
    1 vote
    [-]
      ·  4 years ago 

    Steem is very resistant now. The price improves immediately after falling. If it goes above $ 1, it would be great for the future. But $ 1 appears to be a psychological resistance.

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.00
      [-]
        ·  4 years ago 

      Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

      • Disagreement on rewards
      • Fraud or plagiarism
      • Hate speech or trolling
      • Miscategorized content or spam

      Submit
      $0.00
        [-]
          ·  4 years ago 

        Not clicking any links like this. What is it?

        Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

        • Disagreement on rewards
        • Fraud or plagiarism
        • Hate speech or trolling
        • Miscategorized content or spam

        Submit
        $13.73
        • Past Payouts $13.73
        • - Author $6.86
        • - Curators $6.86
        2 votes
        [-]
          ·  4 years ago 

        It is a link to my blog post nothing malicious i assure you.

        Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

        • Disagreement on rewards
        • Fraud or plagiarism
        • Hate speech or trolling
        • Miscategorized content or spam

        Submit
        $0.00
          [-]
            ·  4 years ago 

          past the url itself and not masked like that

          Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

          • Disagreement on rewards
          • Fraud or plagiarism
          • Hate speech or trolling
          • Miscategorized content or spam

          Submit
          $13.39
          • Past Payouts $13.39
          • - Author $6.70
          • - Curators $6.70
          1 vote