What is crypto doing? Bitcoin / Steem
First of all, this video is really funny:
What is bitcoin doing?
Bitcoin has been doing a sideways-down movement as it attempts to find a bottom level of support. I still believe that this support level is around $10k, but clearly it has dipped below that level briefly.
Having a longer term consolidation such as this is healthy for the market. It is my belief that the fundemental positive factors ultimately driving investment into cryptocurrency will eventually out-weigh the sellers of BTC into this decline. In other words, the bubble is not over.
By us having this longer term correction, it also means that when Bitcoin gets going again, it may rally at a slower pace than it was previously. This is a good thing. It gives more time for investment to flow into the market, it makes the market less volatile, and the crashes aren't as severe if this happens.
What is Steem up to?
I believe STEEM is setting itself up for another rally within the next 6 months. It's possible whale selling causes this rally to be slower. My point being is that I think STEEM takes out $10 this year.
I hope that Steem will grow! By the way I just did a post were I Talked about Raiblocks and if it will go to the Moon, Would be really happy if you checked it out. I liked yours!
hi, I was watching your Youtube channel and from there, discovered this secret treasure. Thank you for these article, and thank you confirming the doubts on Cardano.
Wonder if you could take look at Skraps. (https://skraps.io). I like their idea but would love if you review them. Unlike many other Youtubers, I got a feeling that your reviews arent purchased via eth/btc.
Have you heard something about a trading signal crypto service called Bits To Freedom?
I read some guy pumping them on Facebook, that they are the real deal to make some profits in the space, i dont do daytrade, just a hodler on good projects like EOS. What are your thoughts....
Haven't heard anything about it, nope.
would be great if you make some time to research them, and make a post, would love your opinion on the matter, if you find the time obviously. I promise an upvote and reestem! ;) and welcome back!
Welcome back after long time :)
Yeah, thanks.
The futures expiration went by and BTC held up so definitely consolidating before a move. Need to clear $13k to establish a higher trend again.
Yeah, I agree that the 10k area we've hit (around the 100 day moving average) is the key area for consolidation. There is more TA that could justify further downward moves toward 7k, but I'm starting to wonder if the anticipation that has developed for reaching that low makes it much less likely to happen.
In general in crypto, I'm starting to think that when I think something is going to happen, many other people probably think that is going to happen, so it won't happen.. haha. Thanks for the content.
Yeah, that's sort of how I approach it. If on the dips below 10k, people are using those areas to accumulate, then basically, we're in a net-accumulation stage of the market. Net accumulation stages drain total supply permitting moves higher.
i really liked this line "it also means that when Bitcoin gets going again" hahah just can't wait to reach moon again
10$ to end of the year?
I bet it will be around 100$ !
Hopefully you don't mean Bitcoin... ;) haha
Understand??
ethereum and dash are going up no matter what, others three not so sure
I still don't understand Dash... I just bought a bunch of Litecoin it is the best crypto currency in my opinion. Have you heard of the possible fusion of Litecoin and monero? It would be amazing
I watched ur video on youtube.. I liked it