Bitcoin Battles to Breakout of Descending Channel!
7 years ago in #cryptocurrency by scaredycatguide (78)
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Hopefully it breaks out. I have a feeling that if Bitcoin can make a strong push upwards, the alt-coins will follow suit, aka great things for Steem, which is what I care about!
Month's from now this small time of stabilizing will look like a blip in the chart. I fully expect to see above 13k again as Bitcoin continues to gain adoption and receives more testing on the testnet. I'm doing my best not to trade but just wait till it makes another big move upwards.
Yep, I just position trade. Which means, sell some on quick spikes and add on hard dips all while holding a core position. Has worked quite well.
P.S. - like your username. Real Estate is my mine investment and what my scaredycatguide website is all about.
@scaredycatquide thanks for the insight let see if it will break out this time. I still expect one time pullback before the big move.
I'm on the edge of my seat!
Excellent information friend had already a few days without knowing about Bitcoin, I follow you to continue knowing about the day to day of this currency. Greetings @scaredycatguide
the lack of volume so far is a bit of a worry don't you think?
some are saying the 11k break was crucial but i personally agree with your 11200 line, i then have 11800
It is a hard battle and even if we don´t break out this week, the next month looks promising, for now is very important to consolidate BTC price, so that way we avoid unfortunate comments talking about the enormous volatility.
I think a lot of people already regretted for not buying below $8K and even worst for those who sold their coins in panic.
Yeah, 8k was an opportunity
Very good and interesting information friend excellent graphics very good post thanks for sharing is a great contribution for the community greetings
We have some sellers at $11700, but once price absorbs those orders, we should break $12000, then buy on a pull back in route to $17000.
overall bitcoin looking bullish