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0.786 is a very technically strong support level. Not saying it will reach there, but if it does, I'm taking LONGS
Stay strong people, look for great altcoin opportunities too, the altcoin market is severely depressed, and that's usually the best time to buy!
Below are my tips for newcomers to the Crypto scene, for my telegram group.
Welcome to the Bitcoin, ...
If it breaks and closes above this bullflag, I will be adding long positions here, leveraged x5 with stoploss. Join me @ BITMEX
Meanwhile, Alts are looking more and more optimal for a long entry. Good idea to sign up for an account for free at the cryptocurrency exchanges.
https://www.binance.com/?ref=11198129 (use this ...
Yes I'm almost permabull on bitcoin. The recent news and fud don't seem significant at all, and the fundamentals for $BTC has not changed.
I see this as a perfect opportunity to add more (Have done so myself)
But do not go all in, do NOT invest more than you can afford to lose. There is always a risk.
I'm tempted to attempt a leveraged long for #BITCOIN
I'll hold/ Buy the dip over here. This is also why I suggest taking some profits on the way up, and always have cash with you to buy any dips :)
Meanwhile, look at $ETH. It's looking great, and perhaps even set to do the flippening again (unlikely, but wow that'll be amazing. Could come close though)
The latest FUD and bad news for bitcoin have happened quite fast. CEO of Morgan Stanley back at it again with his naysaying, Warren Buffett warning to stay away from Bitcoin, and Microsoft no longer accepting $BTC payment due to volatility. Well, Bitcoin has withstood all that, and is coming back up to the $14000 plus levels once again.
Having withstood the ...
Short and Sweet. That upwards trendline is a strong one, and does not look to be breaking soon. If it does break convincingly though... (Not a bear trap), then I will reduce my position heavily in anticipation for larger corrections.
Currently? Enjoy the amazing bull run! Not just in bitcoin but in the entire crypto market.
ALT COINS ESPECIALLY. Have you seen ...
Key Resistance of around 16000, if Bitcoin rises above this, I will be adding to my position for a test of ATH at near $20000
Key Support area has been effective thus far
Even resisted that threatening and bearish Head and Shoulder
I expect Bitcoin to stay fluctuating in between horizontal resistance and support for some time, before breaking upwards to test All ...
Descending Triangle (Generally Bearish) starting to form in BTC
Be cautious over here, things might take a turn for the worse
Or it might break out to new all time highs because the whole cryptocurrency market sentiment is highly bullish. You'll never know with Bitcoin!
Key Support area has been effective thus far
Even resisted that threatening and bearish ...
Self explanatory in the chart itself.
Very good outlook for ethereum, who hasn't had that much chance to shine for the past month as Bitcoin (and even litecoin and ripple) take the spotlight. Things look like they're about to change in this double bottom formation that's about to complete. I will be adding more in my longterm bag as well as short term break out ...
Looking real scary, like a ghost. Good news is, we haven't come close to touching the previous resistance of $11000. I will be feeling pretty assured till we hit that again, and IF that happens, depending on the volume and spike at that level, I may choose to reduce my position for the short term.
The recent volatility may be due to christmas and new year, as ...
The *$McAfee$* Effect on Crypto- $DGB Digibyte Super Pump $$$
Well would you look at that vertical rocket ship soaring above and beyond. Insane rapid pump! John McAfee really is quite the celebrity with a huge following and strong influence in cryptocurrency. How he got to have so much influence over prices? I'm not so sure... Maybe newcomers listen.
I think ...
As explained in the chart.
Fib retracement of 0.618 extremely strong support level, almost perfectly hit by BTC price. Strong signs of reversal with high volume spike, RSI oversold, market capital of entire crypto market rapidly going back up.
What a ride. Still expecting a parabolic rise after this correction.
Corrections in a bullish wave are healthy and ...
Looking at the big picture of bitcoin's bullish movement, coupled with the fundamental change: It is now hot with attention and we've tided over the futures markets, this temporary retrace looks to be a healthy move for $BTC to take a breather before pushing further into new ATHs. Bitcoin is still in price discovery, and looks set to rise to the next all time high ...