Is bull is fighting back and wining over Bears?? --- After huge bloodbath selling off cryptomarket rising with green signal.
His steemian friends
good morning to All--
Bulls gaining power over bears after huge bloodbath selling off cryptocurrency market is flashing back with greens signl.
After huge selling of and bitcoin downed -6.36% level following major downturn happens, now bulls are wining over bears a little bit. This is positive indication on crypto market also. After 24hrs from Wednesday trading market gaining near about $10.90 billion on a within in 24 hrs.
If we see the chart in daily we can see that , both Hammer and Inverted hammer is formed on Tues day and Wednesday trading session. which is clearly indication of market will be bounce back. but before bounce back it can do two things.
- It can consolidate here few more times
- It might create a Bear trap again
lets have a looks on charts---
If we can see the hourly chart we see as of now Bitcoin maintaining hourly trending which is ascending right now.
iF WE CAN SEE THE YESTERDAY - 15-08-2018OHLC DATA
WE CAN THAT
OPEN= 6195
HIGH=6636
LOW= 6189
CLOSE=6289.01
So we can see that it is just touched where it fell from....
lets have a look another chart.... which will clear everything...
As bitcoin have largest crypto coin market capitalization.... and average trading price is $6334 nowadays , when it touched at low $5900 level it we have seen speedy recovery or bounce back to 6600$ level within 24hrs ...
As of now Can we expect bull will pullback from these level ?? if such thing happen will it cross it vital resistance level $6520- $6615.6 level which is heavy resistance level.??
will it touch ate last $8,500 level or higher ?? if 50-day SMA and try to sustain above $6,650 level??? It is big question now arising in front of us.. please do share your valuable feedback and comments what will be next step if bitcoin not able to sustain above $6650 level , what Impact will be there??
So we are waiting for your value able comments.............
It will be boom soon so please ready for curation rewards
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Sure @spydo.... ha ha....
i think it's time to buy some value able coin
Ha ha you can buy but don't forget to do analysis before you take any position...!!!
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STOPTo support your work, I also upvoted your post!
Another one achievement?? wow
Hope it will at least be consistant on what it has reached in few days.
Already started but if not happening bear trap it will go faster....
Yes..the price can up any time
Already started recovering.... just wait to see broke 50DMA and it give him to sustain above $6650 level
it will definitely will be fired up. As crypto market is bloodbath selling happens and made low of crypto giant Bitcoin to 5900$ level suddenly bounce back started and made 6636$ Level high , and two Hammer formed , Hammer and Inverted hammer , this is one kind of bullinsh sign. If bears trap not happens big player are expert in bear trap so.. it could boom soon only when it would have to sustain above level of @6636$ level.!!!
Surely
You got a 8.77% upvote from @dailyupvotes courtesy of @amusdnom!
waw that is really good.
Excellent analysis...
It will definitely help to investors...
he he.. time will say just wait and see
Good going,well done👌👌
You make it look easy!
yES @bertiegoers
I am here to make it easy.. hope you enjoy it...
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