Watch out Bears are coming... 7790! is critical - Bitcoin Technical Analysis - 04.02.2018
- Here is a quick update from my last post
We are still above our last Dip (7790), bears are coming now to try our dip Again.
The Target will be 12000 if the price could stay above 7790
7790 is stop loss.
Trend is your best friend :) As long as the price stays above the moving average It represents an “Upward” Trend. As long as the price stays below the moving avareges It represents an “Downward” Trend.
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According to the financial times, which is hosted by the people's bank of China, there is a tendency for virtual currency trading and ICO to be reactivated in light of overseas transactions and regulatory evasion. Because of this, considering the domestic investors into platform to participate in the trading overseas face various risks, to implement the spirit of "notice", prevent defuse financial risks, will adopt a series of regulatory measures, including banning related commercial presence, outlaw, disposal and virtual currency trading platform, website, etc
Here comes the bad news.
Has this boat not already sailed? China has already said it would ban, then said there would not. A re you saying, they are now going back to saying its banned? That doesnt make sense.
The news was once again banned.
too much FUD going on... Let's see, the price will find Its way
You mention, as long as the price stay above the moving average, which moving average. 200 days?
I use 20 days for Short Term Moving Average & 50 days for the Long Term. (Exponential Moving Average)
Right now we are both below Short Term and Long Term Moving Averages. They are around 12000 @martinf
Do you have next support line at $5900
Approximately, It is around $5500.
My goal this year has changed from the tail end of last. Everything except Bitcoin is a gamble. I was up so much on Verge and didnt sell, was up massively on Bitshares, didnt sell.
When im up in a few months im selling to buy Bitcoin. My aim is one on a ledger locked away as a retirement fund...lol
Been doing alot of study and the amount of coins that arent even working on Github is quite scary yet one of which is over $100.
Haejin talks about sentiment is all that matters to make money and he is right if you are going to cash out. But for a long term investment a coin needs a product.