Bitcoin Bull Run Is It Time To Buy Now?
Looking at the chart, the price is mostly consolidating, but it seems to be losing momentum above $6,400. Therefore, there is a risk of a downside break towards $7,250 and $7,140. If it succeeds in holding the trend line support, it could attempt to break the $7,555 resistance. Above this, bitcoin may well accelerate gains above the last swing high at $7,605.
-Bitcoin price is consolidating below a key resistance at $7,555 against the US Dollar.
-There is a connecting bullish trend line forming with support at $7,390 on the hourly chart of the BTC/USD pair (data feed from Kraken).
-A break below $7,380 could trigger a major downward correction towards $7,100.
My Thoughts: Big Bull - Bitcoin much like the name, it is the fore-runner, will take the largest gains/losses.
Large banking/governments are driving market sentiment via media , when one sneezes they all have a cold, buying Bitcoin is expensive for most, be cautious when venturing into trades.
Keep in mind that moving into the realm of cryptocurrency you need a local exchange to convert fiat currency into cryptocurrency, be aware of saving passwords and identity numbers of wallets separately for safety sake.
Local exchange may only deal in Bitcoin, Bitcoin Cash, Ethereum or similar, you are now able to transfer the digital currency into an exchange of your choice to purchase smaller coins available.
Not all exchanges will use the coins you wish to work with, which requires having more than a few exchanges available to work within.
BITCOIN and the larger family of cryptocurrencies are slowly convincing those holding the purse-strings at the world’s biggest banks that the time is right to for U-turn on cryptocurrencies. One expert told Express.co.uk that the “whole ecosystem could benefit” if big banks “diversify their investments” into crypto.
“Being part of the crypto sector for a while, the interest from Institutional investors is rising on a daily basis, and its hard to believe that a financial powerhouse such as Blackrock is limiting itself to just research into cryptocurrencies.”
My Thoughts: Mamma Bull - Ethereum, XRP, Bitcoin Cash, EOS and others, all good projects to consider. Learn to read market cap, volumes, watch pricing. With so many projects running throw caution to the wind - research crypto.
Again, we want to state that our philosophy is to provide as much information as possible to our users, so that they can form their own conclusions and interpretations – and not introduce our own bias into that mix.
My Thoughts: Baby Bull - Superior Coin, Steem, SBD ideal value for beginners to learn how to adapt into cryptocurrency, using exchanges. Most reading this are already on Steemit earning via content creation, Kryptonia (Superior Coin) adds value to moving content to anywhere with a URL. Using the right tools gives great results.
If you are interested in trying your hand at trading smaller crypto where you may lose some, or gain a little follow smaller coins on Coinmarketcap and watch the movement with their tools available. Many teach how to trade find them on You Tube, Steemit sites, always research and investigate, it is your risk and your reward if you select a good small coin that grows, I support all three mentioned above.
Cryptocurrencies have become news again some will start doing hard driving sales pitch, there is nothing wrong with people being excited about blockchain technology, for an individual I feel learning via investigating each project prior to doing anything, going in with your eyes open to pitfalls, possible scams is better than crying after the fact in hind-site.
Today news is flooding in that governments and banking fraternity are looking seriously in to blockchain technology, where and how it could be used to solve a variety of problems, we need to be ready to work with crypto, today is as good as any.
Want to buy some SUP with Steem or SBD via @sydesjokes
This is my opinion, and is not intended as financial advice.
Wealth diminishes with usage; learning increases with use. ~ Nigeria
Click Below to Find Out More - This will take you to Kryptonia
Thank you @joanstewart.
@kryptonia seems to be a gateway for many new coins to introduce themselves by offering faucets and sign-ups. I have refrained from signing up for anything where people put any pressure on me or wants to get it done too fast. Not very scientific, I know...
Always good to do your own research before climbing on board, if you feel right with what is on offer go with it @reonlouw
Hi @joanstewart are you investing at the moment? Prices are recovering, but I am expecting another drop back to 6k ish which I think may possibly be the floor, who knows...
Depending on what level you bought in at, if it goes down I will continue to hold.
Considering a small amount in purchases again now with rates as they are, not a bad option. Also taking some that I have and placing into 'baby' coins @gringo211985
very informative article thanks for sharing @joanstewart from @kryptonia
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Good evening, Nice artical.
upvoted, commented and resteemed from kryptonia
very informative post upvoted
tjank you for the tip.
Congratulations @joanstewart ! You received a 25.60% upvote from @kryptoniabot & @kryptonia for your task of 2695 SUP Today.
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I am investing regularly over time
Good way to go @ianstevenson
Resteem, coment and upvote for Kryptonia my ID is @adrianawil90
Very interesting, thanks for share!
Nice.......kryptonia
kryptonia id @joseleonardojose
Whether Big, Mamma or baby... all bulls are always welcome when I'm HODLing :-)
P.S. Heard a local AltCoin exchange being advertised here on a major SA radio station the other day... and THAT can only be good news for trade volumes ;-)
Waiting for any form of movement here since 2015 @braaiboy they blow hot air through the media and suddenly disappear, never to be heard of again.
PayFast is still the longest standing offer for use of cryptocurrencies that I know of.
PayFast? I did not even know that... will have to check it out.
TakeALot was the first time I found https://www.payfast.co.za/ online stores use them, they have been around for some time, you are able to setup from your own website to accept bitcoin payments.
Yeah, I know PayFast... have an account with them for a few years now (been meaning to get around to setting up an online store for 3 or 4 years now :P). Haven't actually got around to getting it off the ground though, so I missed the BitCoin thing.
We are wholly committed to SUP and see it a better investment for our mining equipment that BTC
@kryptonia is going to offer a lot more, a good stable place to be for mining and business moving forward.
very informative....kryptonia
Upvote,
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Active and enjoying @kryptonia I see @lipito
kryptonia is the best or me. really helps me a lot for my steemit account.
I really invested my time and effort on getting supcoins because it is so important for my account.
very informative.
Upvote,Resteem.
Kryptonia @Hokkaido
Thank you kind @hokkaido have a lovely day.
I'm still very new in cryptocurrency and I don't think I will be investing in bitcoin but I invested in steem and maybe in the future will look out for more. These days there are so many new apps that uses blockchains but it is hard to determine which will be stable and long lasting.
Starting out now finding smaller coins to grow is a safer route to follow @fleurinna
will recover soon
I think its time to invest bit by bit.
@kryptonia
The time to buy Bitcoin or Superior Coin is everyday. There is backing for every cryptocurrency which is the public ledger and the content. The bubble claims is just too absurd.
My feeling is these bubbles are created for big players, get the price down then buy to fatten their wallets @mdominicorobin
thanks for sharing keep up the good work.
Are you investing now?
Yes I keep investing and growing slowly, only support a few I really know, like and trust @swewew10
Always a good read to find some concise opinion. Thanks. @bon-nom
Thanks for reading and commenting @bon-nom appreciated.
hi @joanstewart
Thank you for checking and commenting my latest posts. I hope you found it valuable :)
Just checked your profile just to realize that we seem to share a number of interests :)
In particular that we both share a similar passion towards cryptocurrencies and blockchain technology :)
unfortunatelly post is to old to upvote :(
I will follow you closely :)
Take care, Piotr
There are links supplied for further reading to better understand what is happening @surikowstepanuk everything needs to be researched, then keep up to date with what is happening in the market.