Bitcoin VS Steem Power / Time To Power Up
I was asked few months ago:
"Why you move your SBD to Bitcoin?"
My answer was:
"Because I followed the bullish trend of bitcoin from 1800.00 level till 16600.00"
I was asked yesterday:
"Why you start to power up (steem power) just now?"
My answer is:
" I started to exchange some of my bitcoin to steem power as I predicted the bearish correction around 16600.00 level."
Pic Source
If you already saw my latest post of Bitcoin Trend, I am sure you read:
Bitcoin price kept rising strongly and set new high at 16600.00 and the bearish correction started due profit-taking at this level.
Breaking 14400.00 and hold below it, will stop the bullish wave and will push the price to extend the bearish correction towards 12875.00 level.
- As you see the level 12875.00 was tested.
- Bicoin price now around 13400.00 and technical indicators giving mixed signals.
- Breaking 12875.00 and hold below it, will extend the bearish correction towards 11500.00 level.
- Surpassing 14400.00 will stop the bearish correction and push the price towards 15200.00 level.
- Bitcoin trend depend on Breaking 12875.00 or Surpassing 14400.00!
My P.O.V ( point of view);
From now till the end of the year, it is the best time to power up:
- Because of the bitcoin bearish correction.
- The good exchange rate from bitcoin and SBD to steem power.
Have A Great Sunday
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You had a really good roadmap! Congrats. At the moment it seems the bitcoin is resuming his flight to the moon. Future trading has started and seems to have a positive influence. We are already above 16000 :-)
you've done it again! nicely predicted and explained.. as Always!
Thanks for your great support
Have a great sunday
LOL.. I like you. You're a numbers person and this whole game is about numbers. Bitcoin was only worth $4K September 2017 and we almost saw it hit $19K this month until they dumped it on the newbie chasers.
Since you're a numbers person, BTC hitting $25,000 USD this spring is quite plausible and you should agree. Every 3-4 months they push the price up huge to catch all the fish they can.
(I wrote about this recently)
Now agreed, SBD, STEEM. and POWER UP to SP is a really good move right now. This way you can invest in this platform and be way ahead of the game. :)
Thanks for comment
I BGT at 250$..450S..800$..1800$ and the last time at 3000$.
During the last 6 months, all the time I changed my SBD to bitcoin.
I think is not bad in coming day to power up ( using few of my BTC during the correction)
Regarding the increase of btc price in the next few months, I agree with you
Have a great sunday
what a creativity!
I have no bunghole!
@cornholio No need for tipi!
Man, I made a mistake trying to move sbd to polo to transfer to steem, now it's stuck in limbo like it does all too often there. I could have sent it to bittrex and sold super high too!
Wise decision indeed my friend, it's perfect time to buy steem with SBD and i think we get almost 6 steem from 1 SBD by using internal market now and that's not a bad deal at all, thanks for telling us about key bitcoin support level for today trading, Stay blessed
Great post! Keep up the good work
Very accurate and useful information!
This content is the more informative and update news about bitcoin and steem power.Thanks for your great update news post.Can I resteem for your this content?Please give me permission for resteem.Thanks again@lordoftruth
Yes, the good exchange rate from bitcoin and SBD to steem power!
That's why I turned all of my SBD into steem power a day ago!
Thanks for sharing the information!