Bitcoin Trend / 17 - 01 - 2018
Expected trading for today is between 10000.00 support
and 12400.00 resistance
Bitcoin price broke yesterday the 12400.00 level
and it is still under aggressive selling.
/ the start of the crash zone / It could get ugly!
As further big losses could be on the cards.
Bitcoin price now is around 11100.00 level / the fear zone / after 24 hard hours of panic for most investors that begin to close thier long positions and begin to open short positions.
Most of investors start to liquidate their long positions over:
- South Korea potentially banning cryptocurrency trading.
- Reports on a renewed crackdown on the cryptocurrency in China.
- I believe the buyers will return around 10000.00 level and push the price again to the upside ( at least I hope ). Because if no buyers around this level, likely the price continue to go lower towards 8000.00 level.
Expected trading for today:
is between 10000.00 support and 12400.00 resistance.
Expected trend for today:
Bearish.
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Hi I used to make a short series on trading and I learned a lot from your blog, back when you were making a huge series on FOREX, since the market is kind of funny to comment for me, I'm back :D
Could you drop by my post and tell me what you think, it's a bit philosophical and probably won't be as informative as yours, but I'd like to get a second opinion on my thinking :)
https://busy.org/busy/@j3dy/steem-going-down-market-crashing-bubbles-let-s-have-some-zen-tea-day2-challenge30
Thank you kindly,
Spreading fear just make lucky and smart investors richer.
Thanks for the information .
Helpful
Resteem
If that happens, then lucky those who have lots of alt coins.
this is a informative post.
thanks for share Bro.
Whether bitcoin will last in the long term is unsure but i do believe its price will continue to rise over the next few years. I own more altcoins however. Utility lasts and, currently, bitcoin has too many issues I dont see trying to be fixed...anyways this is a perfect time to BUY!!!
I have great optimism that BTC price will soon rebound, investors with foresight will take advantage of the dip to buy and hold.
bitcoin is one of the biggest opportunities since the invention of the internet itself.... great times to be around....
scary but we've been there before...:)