Hey Steemians, hope you are all doing well. I know these days were not the best in terms of whats happening in the market. Well they 'sold the news' again as always. It was kind of fueling up for $500Bn before Consensus 2018 but the hype about died off soon and didn't turn out to be bullish as many expected.
Well the downturn got Bitcoin to test the ~$7000ish for the third time now and here is the TA on it.
- 61.8 Fib Support (Sweet Buying opportunity)
- Long term trend support
- Testing the support for the 3rd time now ( could be both bullish/bearish) however with the RSI gaining a little momentum and the very fact that Bitcoin is tremendously undervalued im still Bullish. We still need to watch out for couple more candles to be certain.
Its always a good idea to have a low leverage long or just buy some with cash too ( that is what im doing, not financial advice haha) I also dont mind getting liquidated a little here and there till it bottoms.
Last time XM used to have crypto/usd pairs for trading but been quite sometime they have stopped it. Though Bitmex, crrypto exchanges you can trade BTC/USD (T) i still find it easier to use the MT4 platform and comes handy too...Just got registered with IC markets
The application was straight forward and i registered,got my account approved & also placed my first trade BTC/USD MT4 buy and took profits for $0.54 just to see if everything works fine haha. They have relatively lower spreads on forex pairs and as of now going well.
Everything was done in less that 20 minutes & just in case for some proof haha
Hope this was helpful and informative peeps and do sign up to Binance for trading/buying crypto & in IC markets to trade crypto/usd pairs in MT4.
If you enjoyed it please do post your upvote, comment, resteem & follow.
Bitcoin : 1EDEU9A9D1pJYGkM8JaEEUgdH7U8yUNeXp
ETH & ERC 20 tokens : 0x277be3fe5b9b6fed7eff380bff320f9c1caf69a2
Steem & SBD : @amreshchandra :)
We'll see if $6-6.5k holds! If not, it's heading to pretty cheap levels. I am long-term bullish, but short term I keep an open mind to find the best buy in prices.
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If it doesn't hold on to ~7k more likely for it to go down to 5.7 k or to even 4.6k range..really hard to predict the bottom
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$4500 is my bottom
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Very helpful content thanks @amreshchandra
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Cheers mate..
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Great post, very similar thoughts and TA to mine. Thanks mate
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Very well post love your job and fantastic analyse about market and your true this time nobody now what happened with the market that btc is almost drops 1500$ a quick drop
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Thats what Bitcoin is good at haha and im just scared to short now too, let it go down further if it want will keep buying haha
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There are helping and useful tools this time around and binance is one of them
Thanks much, I will try it too
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Sure bro, you only need to be correct 51% of the times and you can make money :)either its going up or going down...true right?
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thanks for nice information! trading
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Thanks too for dropping by
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Thanks you for informasion mr @amreshchandra. May God Bless You sir.
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Sure consider signing up too @djamidjalal...
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Congratulation amreshchandra! Your post has appeared on the hot page after 13min with 20 votes.
Thanks to @souldelas.
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You got a 14.20% upvote from @postpromoter courtesy of @amreshchandra!
Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
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