BTC - Previous low broken - Change of direction?
Hello all,
Here was the chart of yesterday :
Here is the current chart :
We broke the previous low but we start now to have signs for a change of direction. This kind of short term break is usual and can be used to afraid weak hands just before a change of direction. Keep a close eye on that pink line and see if we are able to go back higher in the coming hours. If this is the case, it could be the sign of a short term bottom.
I wish you massive profits,
Cryptopassion.io
Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
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On Kraken - was 2070BTC buying bid on 6500$ - but it's way to less. - (It's just small stoping volume for today)
This could be possible resistance If we will break it.
(and I think we will)
I posted my opinion on tradingview. I showed people - they where focusing - about buying...[When someone is blinded by the rule of profit - nothing speaks to him.]
and now they are crying because it's going down...
https://steemit.com/trade-ideas/@marekkaminski/trade-ideas-4-btc-usd-like-a-string-30-03-2018
Actual:
I think we are in huge wedge - and soon all we will see it.
It bounced off of 6600 as expected. There will probably be bounces at 6300 and 6000. The volume is good but not high enough for me to think we are at the bottom. Volume of 40,000-60,000 on GDAX would signify a real change to me.
Check this game out, look close with an open mind with what this new concept is doing with open source Ethereum ERC-20 smart contracts, decentralized exchange and passive income. The game has passed the crypto kitties game on the Dapp Radar. The smart contract is coded to tax 10% of the ETH. when users purchase the (P)roof (O)f (W)eak (H)ands tokens and divides the ETH. tax to people who are already holding and also 10% of when users sell “20% total”. The name of the game is to hold as long as you can while you get earnings from the constantly taxed “Strong hand” buys and the taxed “weak hand” sells. If you don’t want to play anymore, you can pull out all your earnings all at once but with a 10% tax fee that gets divided to the stronger hands. This is what the ERC-20 smart contract is programed to do. Doesn’t hurt to look at the contracts open source code at least, don’t let the opportunity pass you by.
https://powh.io/?masternode=0x32c37e7ca38be1f85cd9e85c81ac9b6730f43e3e
I use this type of trading to accumulate buys at a cheaper price. Ex: if I spend 2 hours buying small amounts of coins so nobody notices the large buys, then I put up a large sell wall ($30k-$45k) to encourage sells. After that pushes down the market from panic sellers trying to under sell my wall, I instantly buy those sells up and remove my wall and then put in a buy order for enough tokens to raise it 3%-7%. That gets traders attention and I let them take the rest over and pump the price 10%-15% more. Then I drop my accumulated coins on them. Usually, I buy up the orders down to my original 3%-7% I purchased to build the trade tension and that gets written off as me just paying trading fees and the rest of the coins are all profit. This is 1 reason you may see some decent sell walls on random coins that are used just to push the price down.
According to @smarmy the volume is good but not enough to consider a change in the trend at the moment. It seems that the decline is due to information induced to lower the price is time to wait.
I hope you're right and the trend reverses. Here's my take on the recent bubble https://steemit.com/cryptocurrency/@crypticat/what-s-happening-meow-crypto-bubble-bursts
I think price will retest the $6000 level. There are plenty of buy orders just below $6k sitting there waiting to be filled.
This has to be nerve wrecking to people new to crypto with a lot invested!
It is time the whales come back in and draw the institutional investors with them. Too many waiting on the sidelisnes at the minute. Nice charting by the way.