Big Candle
Hello Steemians! Finally we see a big candle with some volume. Let us have a look:
BTC is showing a big red candle with above average volume today. This is good news. Why? Because high volume is always better than low volume, whether is a up volume or down volume. Low volume days are terrible for momentum based trading and makes life tough. In just one trading session BTC is down to the 50 EMA and yellow "neckline" shown above. Now the real test is if this level holds or not. If it does, we will rally nicely from here. If it doesn't prices will visit 6000 level again.
Steem:
Similarly Steem have a "big red candle" day. I say this is nice. Just get it over with. Selling pressure will be gone in that case and may be with some positive new we can rally.
Disclaimer: This is NOT professional advice, this is all just my own opinion and experience. I am NOT a Certified Financial Adviser. Consult professionals for any financial, accounting or legal related questions you have.
Charts are created in Tradingview.com, which is a free service.
...And everywhere that Bitcoin went
The Altcoin's sure to go.
As long as the direction was down, that is.
Bitcoin would survive and thrive even at half, nay, quarter of its current value, but I worry for Altcoins. When it's all "risk off" they're the first to be abandoned by casual investors...
Massacre in the market... for the time being. Doesn't change my long term outlook.
All my cryptos are bloody red today... every... single... one.... 😐
How many do you have! LOL
I used to have 28... but with all this ups and downs I made some exchanges and now I have 8.... and all are in red... 😒
Lol! 28!! That’s worth a 100% vote!
Ahahha thanks! I know you enjoy my struggle in crypto land! 😂
wonderful news for cryptoholders.❤ truth and real streemit news! Great post as always! love from india azircon, ❤😊❤
Cheers! It is mixed as always.
Bitcoin is going down and down..
Waiting for good news and green candles..
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We need to see a puke by the public....banks are loading up here