[Bitcoin Price] Bitcoin Break Out! But it is Down!
Bitcoin made a break out this morning at about 6am GMT+2 time or South Africa time. The price was moving in a tightening range and you could see a break out coming. Unfortunately, it was to the down side.
Bitcoin fell from $7869 to $7451. Support at $7391 is still holding, but for how long, or are we shooting up from here?
I can’t help feeling that this continued downward moves is a way for bitcoin to get all the faint-hearted bitcoin followers out. It you bought in December to follow the heard and lost 60% of your holding value in Rand or Dollar you would write Bitcoin off and move on. Or am I wrong?
Here is Dan from the Chart Guys giving his prediction before the breakout:
Here is a video by Haejin lee on Steem. Steem has fallen more than Bitcoin and has been disappointing for me at Steemit:
Do you think of the current Bitcoin and Steem price? Are you still holding on or on the exit?
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Colin Brazendale
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I am a successful bitcoin cloud miner and affiliate of Genesis Mining and USI Tech. I have been mining for the last 19 months. I highly recommend Genesis Mining and USI Tech to earn bitcoin and make money online. I believe it is more important to earn income than hold assets. That is why I recommend mining crypto and blogging on Steemit.
I am very worried that $7391 will not hold. And the steem price is depressing low, I agree. Steem at $1.74 and SBD $1.68
The bottom must be close. Good time to buy?
Awesome time to buy! Everything is at a discount!
Yes you are correct, but how do you know it will not go even lower? or do you average down when you buy @annemariemay?
thank you nice blog follow you.
Thank you too
And I will continue to HODL! haha seems like this is becoming a theme in 2018! haha
Not worried though, the overall market cap is leveling out and I don't think this bear market will last much longer :)
Thanks for the tips! :)
Pleasure,thank you for your support.
Yes, the HODL theme is running high this year.Bitcoin supporters are being tested to the limit this year.
The price is very shocking now. It's just going down. I have some investments on btc really worried about that.
We are being tested in 2018. We had it easy in 2017. I am holding on.
The current situation doesn't seem too good for us. The price is rapidly falling. Who knows how far will it go..??Too much disappointed :(
We are up today, I hope we don't go back to 6500 again
yeah.! Really feeling very happy to see the price rising this much. Hope it rises more :)
All Markets are manipulated and that's exactly what's happening. The Big Boys are shaking out the small hands. Price about to test the 3/18 low, but the Big Boys are going to push price to at least the $6000.....WHY.... because the Big Boys buy low and sell high....the retail investors sell low and buy high....the Big Boys need all their orders filled...by the retail investors.
That is very true. Sometimes I forget that.
Top charting here
Very nice, Will be looking forward to your posts. Up-voted: hope you will visit my blog
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You got a 29.06% upvote from @dailyupvotes courtesy of @colinbrazendale!
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Release the Kraken! You got a 10.01% upvote from @seakraken courtesy of @colinbrazendale!
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Nice upvote
You got a 19.48% upvote from @minnowvotes courtesy of @colinbrazendale!
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Good upvoting robot
https://www.instagram.com/thedogeofwallstreet/
I like Dogecoin. First coin I mined on my laptop. :)
Dogecoin is one of the very first cryptos.