Hello fellow steemians.. I've been away for a while but I'm back to do what I do best. Go on and read my lovely post.
After going through a tough time recently, Bitcoin is regaining it's stability. Is the worse over for Bitcoin???
With a different barricade out of the way, the bitcoin consequences may be headed for a breakout.
Of note for traders is that the bitcoin-US dollar (BTC/USD ) rate exchange has moved past the falling trend line hurdle.
The cryptocurrency has gained about 12% recently. At bear down on time, BTC/USD is trading at $3,950 levels; up 1% week-on-week, but notwithstanding down 9% on a monthly basis.
The fresh exhausted penalty action in bitcoin is essentially awaited to investors for the future on the sidelines as they inquire about clarity out of China on the destiny of its domestic bitcoin exchanges. Already, nearby is speculation that the switch over "ban," which took situation out of the blue this month, but was in no way formalized, may be temporary.
However, the detail that bitcoin has breached the declining trend stripe snag tells us that investors are treating no news out of China as lovely news. At a snail's pace but surely, investors are veering toward a confident outlook.
For now, that funds value action examination indubitably favoritism the bulls.
##Daily chart
The chart above shows the trend interest at an angle descending from the September 2 distinguished and September 8 from head to foot has been breached. It marks the side of the reduce highs pattern.
As discussed recently, the repositioning further acceptance to continue week's buoyant doji setback and elevated lows pattern, and has opened doors for $4,200-$4,300.
The crack above the trend ancestry obstacle has and greater than before the chances of bitcoin repeating the July pattern- ricochet from the 100-day heartbreaking be an average of in the stir of an oversold RSI, followed by a public meeting to trace highs.
Only an outcome of the day marked below recent soft of $3,669 would abort the chipper view.
With lastest trend in price, if it continues like this and demand also increase. Bitcoin will do well in the market and may encourage investors to come on board to eliminate the fear of Bitcoin loosing it's value. I urge you all to share your thoughts on this post.. Thanks for your support.. Upvote,comment and resteem.
I STAND FOR CRYPTOS
You have a great analytical eye.
As I always say;
Thanks bro.. #teamghana
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OK bro
And he @jakemore makes the crypto world very much comprehensive to my liking..thanks for the good work
Thanks man #teamghana
Like your post! Have faith in bitcoin, 2018 will be a great year for this crypto.
heyy are u a prophet? you scooped me. Most def 2018.
Sure.. Is going to be better than this year.. Let's hope for the best
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