Hi guys!
Here are my thoughts on bitcoin for today.
BTC - 12 Hour Chart
Tools used: Ichimoku Cloud, Moving Average and Trendlines
Taking a closer look at 12 hour time frame it seems like the ichimoku cloud provides support for bitcoin price so far. Note that 200 moving day average also provides support around this price area.
Some times (not always) this cloud will predict future price action so there is a possibility that bitcoin will have a bit of a rally in the next few days to $9,700 price area. Then probable testing of resistance of the bull flag around $10,000.
Disclaimer
You know the drill guys. This is just opinion and not a financial advise. Do you own research and decide your own trades. Cheers!
I really wish I would've picked up more when it hit $6k a week or so ago.
Crypto is where people say could have, would have, should have all time my friend. I think crypto market as a whole is quite overpriced now but we'll see in time.
This could be the start of a year long bear trend where bitcoin slowly pulling back and alts go into accumulation price.
Oddly enough my last video I posted for my channel (Coin Stories) was about being able move past the past. Most everyone in the crypto space has had that thought at least once that they may have sold too early or too late.
I really hope you are correct about a year of altcoin accumulation. The tricky part of that will be picking the coins that will be around the following year.
I think trading exact top and bottom is near impossible. And depending on your trading goal, profits levels and trading strategies are different for each person.
I think its better to focus on keep making winning trades instead of profit levels but it's just my opinion.
.
Thanks! Ethereum is not as volatile as bitcoin so far but I think the whole crypto market is still in a downtrend. We haven't seen any confirmation of a trend so far just pullback and then consolidation.
3.58% @pushup from @devytan
Sneaky Ninja Attack! You have just been defended with a 1.63% upvote!
I was summoned by devytan. I have done their bidding and now I will vanish…
woosh
P.S. If you or anyone you know has been a victim of @grumpycat please know that he has been harming people throughout Sōsharumedia (ソーシャルメディア). Stealing the service that I (and other bots) have provided them and hiding behind a facade of stopping bid bot abuse which he clearly has no interest in.
Sneaky Ninja is a very responsible bot, working directly with steemcleaners, actively pursuing spam and abuse on our platform. If you would like to see what steps Sneaky Ninja has taken to fight bid bot abuse see this post and this post. Also know that I am working daily on other solutions.
If you would like to know my personal take on bid bot abuse and why I do not agree with the 3.5 day rule, see this post
Grumpycat is a villain that must be stopped to protect our freedoms here on steemit!
There is a resistance that has formed to counter his tyranny.
If you would like to take an active role in stopping this menace and helping other victims like yourself...
Learn More Here
I have also summoned my love, Kusari to offer some limited help to victims like you.
See Here
^--- You made this exact same comment at least 6 times and close variations at least 155 times in the last 2 hours. View these duplicate comments
Upvote this comment to support @duplibot and help reduce spam and superfluous comments.
.
Doing my part to clean this place up, thanks for the support!