With Bitcoin now suffering losses of nearly 40% from it's high, the cryptocurrency is now at a critical juncture.
Below is a chart of Bitcoin from today 12/30/17. (Snapshot taken directly from my website: https://www.traderschoice.net/ )
As can be seen, the trend line is clearly broken and Bitcoin is sitting at support.
The question is will new buyers step up or sell into the New Year..
What's your opinion?
Gregory Mannarino, "The Robin Hood Of Wall Street."
HAVE A LOOK AT THE CHART ABOVE LIVE ON MY WEBSITE. Click here: https://www.traderschoice.net/
Money is moving into alts like Ripple. After a while people will buy back into BTC. Price was going too fast anyway.
@bart2305...Ripple is the coin of the banks. Be cautious.
I'm totally aware of that. It's fun to make some money from the banks for a change! :-)
@bart2305...sure for traders you have to ride the waves. Nothing against that. I check more the fundamentals.
I think Ripple and Monero are the next big coins to go main stream. Ripple just overtook Ethereum in market cap.
Coinmarketcap.com
My guess is some of it finds its way into metals. ....and maybe it already is based on the last couple weeks
This is right.upvote and resteemed
@marketreport...I think, all coins will go upward, even Bitcoin. But Bitcoin has so many uncertainties, I wouldn't touch.
I think volatility is certainly in the future for bitcoin and other alt coins, but the general trend will continue to be upward going into the new year. I think after a breakout year, politicians will have their eye on cryptocurrencies, which will just add to their volatility.
Your trend line looks rational, but that support line seems arbitrary.
The price got out of hand and a correction was due, I doubt it is quite over yet but soon enough we will be looking back at this as a good buying opportunity.
Of course if the stock market crashes, all bets are off....I have no clue what might happen then.
Very good my friend
Your site may work fine in a Windows environment, but FYI is pure fail in an iOS environment.
Thanks for chart Gregory Mannarino Sir ...but i still believe in bitcoin ...let see what happen next...
I am in Litecoin & Ethereum. on a small scale. Invested just enough, to make it interesting to follow, like a boxscore. upvoted and resteemed.
Following Gregory's advise on being "BYOCB" I will not gamble on Bitcoin. I will gamble on $17 silver, though.
I’m sure it will recover in time, steem is doing very well at the moment thow , cheers and hope you have a good new year
Great analysis ! bitcoin is going to rise up , thanks for sharing a great post wit us ..
really great.thanks for sharing a great post with us ..
upvoted & resteem done
you are great man ! resteemed sir @marketreport
Reesteem and upvote Robin Hood
Its funny but ever since I started mining my own Bitcoin ( I use BitClub - http://bitclub.network/dibble1 ), these U.S. dollar denominated price drops don't matter to me. I know I am mining new Bitcoin every single day and that is what I want to own.
Resteemed and upvote Mr. Robin Hood :)
upvoted and resteemed.
hlw sir thank you so much for sharing today update. #resteem & upvote done.
great post thanks for sharing
resteemed
I think the only way to find out is to wait and see after New Year's when the big boys come back from their vacations.
Resteem and upvote done sir.
Excellent post sir..upvote and resteem done..
boss @marketrepor
upvoted and resteem ... done
great post @marketreport
resteem
thanks for sharing, upvoted and resteemed.
Reesteem and upvote Robin Hood
dear sir,i always follow you and resteem. your post always helpful:)
really great.thanks for sharing a great post...
Reesteem and upvote .....
your analysis well, upvote and resteemed done @marketreport
Bitcoin itself is a trash coin......too slow, too expensive, no anonymity. Smart money is dumping litecoin too, into Gen 3.0 coins that will have a purpose.
Well said. In my opinion some of the GEN 3.0 to look out for would be the token coins like ADA and EOS, both of which are working hard to be the first to fix the ETH problems. DASH is already a GEN 2.0 coin, and is still to release its new platform 'Evolution' the would make it a GEN 2.5. They never intended on being anything than a currency however, so will stand apart from EOS and ADA
Great analysis ! bitcoin is going to rise up , thanks for sharing a great post wit us ..
I hear Ripple will be interesting in 2018, I only own steem.
vpvote and resteemed
it's useful, upvoted and resteemed.
upvoted and resteemed.
Resteem and upvote now. Your post always good.
buy, buy, and buy
upvote and resteemed done @marketreport
As Wallstreet can now manipulate bitcoin they will more than likely push it upwards again so as to get buyers back in before they lose them to other crypto's which is already starting to happen. They will continually do this until they decide to do otherwise.
Wel done and perfect work...
Upvoted...
Below is a chart of Bitcoin from today.. i seen your: website: https://www.traderschoice.net/.i follwo you sir.
After a while people will buy back into BTC. Price was going too fast anyway.
resteemed sir @marketreport
wow nice post.Upvote and resteemed
I am certainly glad I don't have any.
As for now I would wait until the sell off speeds up. Than I’m buyer.
Resteemed and Upvoted!
Resteem & upvote done! cheers!
sir @marketreport
upvoted and resteem ...done
upvot+resteem your post...thanks for sharing..
To many cryptos out there now I think someone will try to regulate them in some way that remains to be seen until that time enjoy the ride as usual upvote and resteemed
dear sir,i always follow you and resteem. your post always helpful:)