Bears Strike Back ! [Bitcoin Update 27.03] Projects I Keep An Eye On
Yesterday I wrote in my blog
What's Next ?
- First big test for Bears is 8400$ level and after that the 8100$ level
To be honest I didn't expect everything to happen that fast. Obviously the twitter and LitePay news had a big impact on the general crypto holder. Another thing is that the equity market rebounded extremely aggressive from the 200 EMA today. One of the theories I am thinking that institutional money may prefer to buy the dip in stocks rather than in Bitcoin and who can blame them. If they made 100-500% return on their investment they will receive fat checks and fees ! ( That is only a conspirative theory)
We are in a very interesting territory now. I still believe that Bitcoin is dictating the general market at the moment and people are selling their holdings for no good reason, but that is the perfect opportunity for people, who really know their projects. I will be watching the 7880$ level very closely - if we break it, this will be our next resistance level and the path down is very steep.
KEEP AN EYE ON YOUR FAVOURITE PROJECTS
That might be a one-time opportunity for these prices ! Make a clear plan with your buy points and DON'T buy everything at one price ! Distribute your orders and be patient :) I personally keep a very close eye on :
STEEM
ADA
EOS
QSP
BTS
ICX
NEO
BNB
SBD
Which projects do you follow closely and would like to buy and at what prices ? Share with us in the comments :P
Next support is 7300$ from 18th March low
mmm, I am not sure about that, but it surely can be a pivot point :) Some heavy volume on he upside entered the market in the past 20 min, so we might close above 8100 !
Personally I base all my investment strategies on Bitcoin, and Dan Larimer projects BitShares, Steem and EOS. Dan's approach to the crypto platforms as abstraction layers on base internet infrastructure is a game changer in my opinion. If EOS as most abstract and configurable platform will hit the road successfully this year another stage in cryptolution is on the horizon.
I am very excited about EOS too! Unfortunately my EOS holdings were stolen few months back and since then I am waiting for a proper entry point. i missed to buy some at 4$ but I think crypto sell-off has some more way to go until we can call it off. Thanks for commenting ! ;)
Sh... happen! Security must be our terminal concern. You remind me by example to revise my security measures to be as safe as possible.
Agree.. Panic fueled by FUD...
Those panic'd out will be sorry I think
nice post
Only if they don't buy them again :P Thank you :)
Great update....@ervinneb.... Today, The cryptomarket again freefall...Now BTC and all other top crypto are growing down... BTC is now below 8,000 USD.. Its very bad for crypto holders...
Yes, but this might be a one-time opportunity, so dont be upset ! I am pumped up and waiting for the "right moment" to start my buying spree :)
For future viewers: price of bitcoin at the moment of posting is 7872.10USD