Your Opinion On Bitcoin: Are More Losses Ahead? Look At This Chart. By Gregory Mannarino

in #bitcoin3 years ago

Me new pic.jpg

With Bitcoin now suffering losses of nearly 40% from it's high, the cryptocurrency is now at a critical juncture.

Below is a chart of Bitcoin from today 12/30/17. (Snapshot taken directly from my website: https://www.traderschoice.net/ )

As can be seen, the trend line is clearly broken and Bitcoin is sitting at support.

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The question is will new buyers step up or sell into the New Year..
What's your opinion?

Gregory Mannarino, "The Robin Hood Of Wall Street."

HAVE A LOOK AT THE CHART ABOVE LIVE ON MY WEBSITE. Click here: https://www.traderschoice.net/

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Money is moving into alts like Ripple. After a while people will buy back into BTC. Price was going too fast anyway.

@bart2305...Ripple is the coin of the banks. Be cautious.

I'm totally aware of that. It's fun to make some money from the banks for a change! :-)

@bart2305...sure for traders you have to ride the waves. Nothing against that. I check more the fundamentals.

I think Ripple and Monero are the next big coins to go main stream. Ripple just overtook Ethereum in market cap.
Coinmarketcap.com

My guess is some of it finds its way into metals. ....and maybe it already is based on the last couple weeks

This is right.upvote and resteemed

@marketreport...I think, all coins will go upward, even Bitcoin. But Bitcoin has so many uncertainties, I wouldn't touch.

I think volatility is certainly in the future for bitcoin and other alt coins, but the general trend will continue to be upward going into the new year. I think after a breakout year, politicians will have their eye on cryptocurrencies, which will just add to their volatility.

The price got out of hand and a correction was due, I doubt it is quite over yet but soon enough we will be looking back at this as a good buying opportunity.

Of course if the stock market crashes, all bets are off....I have no clue what might happen then.

Very good my friend

Thanks for chart Gregory Mannarino Sir ...but i still believe in bitcoin ...let see what happen next...

I am in Litecoin & Ethereum. on a small scale. Invested just enough, to make it interesting to follow, like a boxscore. upvoted and resteemed.

Following Gregory's advise on being "BYOCB" I will not gamble on Bitcoin. I will gamble on $17 silver, though.

I’m sure it will recover in time, steem is doing very well at the moment thow , cheers and hope you have a good new year

Great analysis ! bitcoin is going to rise up , thanks for sharing a great post wit us ..

really great.thanks for sharing a great post with us ..
upvoted & resteem done

you are great man ! resteemed sir @marketreport

Reesteem and upvote Robin Hood

Its funny but ever since I started mining my own Bitcoin ( I use BitClub - http://bitclub.network/dibble1 ), these U.S. dollar denominated price drops don't matter to me. I know I am mining new Bitcoin every single day and that is what I want to own.

Resteemed and upvote Mr. Robin Hood :)

upvoted and resteemed.

hlw sir thank you so much for sharing today update. #resteem & upvote done.

great post thanks for sharing
resteemed

I think the only way to find out is to wait and see after New Year's when the big boys come back from their vacations.

Resteem and upvote done sir.

Excellent post sir..upvote and resteem done..

boss @marketrepor
upvoted and resteem ... done

great post @marketreport
resteem

thanks for sharing, upvoted and resteemed.

Reesteem and upvote Robin Hood

dear sir,i always follow you and resteem. your post always helpful:)

really great.thanks for sharing a great post...
Reesteem and upvote .....

your analysis well, upvote and resteemed done @marketreport

Bitcoin itself is a trash coin......too slow, too expensive, no anonymity. Smart money is dumping litecoin too, into Gen 3.0 coins that will have a purpose.

Well said. In my opinion some of the GEN 3.0 to look out for would be the token coins like ADA and EOS, both of which are working hard to be the first to fix the ETH problems. DASH is already a GEN 2.0 coin, and is still to release its new platform 'Evolution' the would make it a GEN 2.5. They never intended on being anything than a currency however, so will stand apart from EOS and ADA

Great analysis ! bitcoin is going to rise up , thanks for sharing a great post wit us ..

I hear Ripple will be interesting in 2018, I only own steem.

upvoted and resteemed.

vpvote and resteemed

it's useful, upvoted and resteemed.

Resteem and upvote now. Your post always good.

buy, buy, and buy

upvote and resteemed done @marketreport

Great analysis ! bitcoin is going to rise up , thanks for sharing a great post wit us
have a nice day @marketreport

As Wallstreet can now manipulate bitcoin they will more than likely push it upwards again so as to get buyers back in before they lose them to other crypto's which is already starting to happen. They will continually do this until they decide to do otherwise.

Wel done and perfect work...
Upvoted...

Below is a chart of Bitcoin from today.. i seen your: website: https://www.traderschoice.net/.i follwo you sir.
After a while people will buy back into BTC. Price was going too fast anyway.

resteemed sir @marketreport

As for now I would wait until the sell off speeds up. Than I’m buyer.
Resteemed and Upvoted!

I am certainly glad I don't have any.

wow nice post.Upvote and resteemed

Resteem & upvote done! cheers!

sir @marketreport
upvoted and resteem ...done

upvot+resteem your post...thanks for sharing..

nice man ilike your post very nic thank for sharing sir Follow, upvote and restreemed your post

Restreemed done.
Please check my profile once @marketreport

To many cryptos out there now I think someone will try to regulate them in some way that remains to be seen until that time enjoy the ride as usual upvote and resteemed

upvoted and resteemed.

Nice post .and nice graph. Upvote and resteem sir.thanks

dear sir,i always follow you and resteem. your post always helpful:)

Nice view!!! upvoted and resteemed.

Your post is really awesome.
Upvote and Resteemed.

steemit-keychain-dolphin-3d-printing-101475.jpg

Your post is really interesting.MY OPINION OS SUPPORT.Thanks for sharing to us.
Upvote and resteemed.

with this situation many people will stay at the point of safety for a while, but I still need to learn many things about Bitcoin Bitcoin, terimaksih already share @marketreport, posting a very pious, successful greetings.

I think a lot of people who take advantage have sold some of it for a while in order to have a new year's holiday. and later when the new year party ends they will come back again with new friends to enliven the bitcoin market

I see this graph. Thanks for given next post. Upvote and resteem @marketreport

sir, i wait for your next post:)

Important information @marketreport

Bitcoin shows a nice graph about us, suddenly, why the quality of Bitcoin decreased, I did not understand that its market rate might increase, give some ideas

good information @marketreport
upvote and #resteemed done

thanks for sharing a great post wit us upvoted and resteem

You always upload nice and helpful post. and your website also so much helpful sir....
@resteemed sir you can see

Bitcoin next future of coin,
already upvote and @resteemed

resteemed this post @marketreport

Thank's for sharing
#restemed

I waiting to resteem your next post.

hlw sir thank you so much for sharing today update. #resteem & upvote done.

Wow nice information sir.Have a good moment on next year.

As for now I would wait until the sell off speeds up. Than I’m buyer.
Resteemed and Upvoted!

Extraordinary work Mr,Gregory Mannarino. you do this job very well and neatly, analyze and predict and even always update data.
Upvote and resteemed.

Up would be my expectation, but not until Tuesday or Wednesday. Thanks for all you do! Blessings for the new year. RTFOTM ("Rip the face...")

very nic thank for sharing sir Follow, upvote and restreemed your post

great information @marketreport
upvote and re steem

Voted and resteemed to the twitter masses!

Nice post Robin Hood Upvote and resteem

Thanks for chart Gregory Mannarino Sir ...but i still believe in bitcoin ...let see what happen next...

Thanks for the sharing this informative post.
I resteem your post
@orginalwork

The US dollar is toast. As such bitcoin will continue to rise over 6 month periods or less. The next bitcoin halving is in August 2020 so there will be a major surge before that. The next litecoin halving is in June 2019 so litecoin will jump dramatically before that. I predict $100,000-$1,000,000 bitcoin and $10,000-$250,000 Litecoin once the US dollar collapse kicks off.

you're back! Resteemed!

[Resteemed] Let's not forget the first mover effect that Bitcoin still enjoys. There are a lot of apps, products, and businesses that have already adopted Bitcoin. As well, Bitcoin gets all the press. I think it will continue to rise moving forward, though admittedly I think there is more potential in DASH and Monero for there speed and privacy features. Litecoin is hands down, going to be the most interesting coin of 2018, with its planned "full" implementation of the lightning network, seg-wit, and a future privacy feature as well.

The futures say it's heading up.

futures.JPG

If Bitcoin price follows the futures it's headed up.

Greate Post always @@@Gregory [email protected]@.......

Already resteem Sir.......

Outstanding perfomance for bitcoin...
Thank's for sharing

Sir, upvote and resteem done.

Resteem @marketreport

this is great investing sir and thanks for sharing this, this is something new to me. Marry Christmas..

I hear it can fall to 8k $ , sir .

Nice post Robin Hood Upvote and resteem

thanks for sharing a great post wit us ..

keeep it up and

and spread your knowledge for us..that's a great kindness

god bless you

@resteemed

Great report I love listening to your youtube channel and your advice on the cryptos and stocks.

dear sir,

many information your post.
thanks for sharing @marketreport

Great chart Greg!
Seems like BTC is done. Much more downside to come.
Crypto investors noticed that Wallstreet ruined it. They are moving their money into Ripple now.
Upvoted and resteemed.