Bitcoin Technical Analysis [03.18.18]
The Bear has shown its power as Bitcoin went down even further. This can cause other altcoins to lose more value. Investors could lose confident and would probably think that bearish trend will be longer than expected. Target H: 8500 L: 6500
NOTES:
- This is not financial advice so please do your own diligent before investing
- Never invest more than you can afford to lose
- Technical Analysis is not pure science
- Market is not something that can be predicted accurately because of the behaviors of investors
Theory:
Technical analysis employs models and trading rules based on price and volume transformations, such as the relative strength index, moving averages, regressions, inter-market and intra-market price correlations, business cycles, stock market cycles or, classically, through recognition of chart patterns.
In finance, technical analysis is an analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume.
WARNING! The comment below by @fakul leads to a known phishing site that could steal your account.
Do not open links from users you do not trust. Do not provide your private keys to any third party websites.
For future viewers: price of bitcoin at the moment of posting is 7759.60USD
Congratulations @maxsteem! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Award for the total payout received
Click on any badge to view your own Board of Honor on SteemitBoard.
To support your work, I also upvoted your post!
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP
This post has received a 3.63 % upvote from @boomerang.
You got a 4.41% upvote from @postpromoter courtesy of @maxsteem!
Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
Sneaky Ninja Attack! You have just been defended with a 6.11% upvote!
I was summoned by maxsteem. I have done their bidding and now I will vanish…
woosh
P.S. If you or anyone you know has been a victim of @grumpycat please know that he has been harming people throughout Sōsharumedia (ソーシャルメディア). Stealing the service that I (and other bots) have provided them and hiding behind a facade of stopping bid bot abuse which he clearly has no interest in.
Sneaky Ninja is a very responsible bot, working directly with steemcleaners, actively pursuing spam and abuse on our platform. If you would like to see what steps Sneaky Ninja has taken to fight bid bot abuse see this post and this post. Also know that I am working daily on other solutions.
If you would like to know my personal take on bid bot abuse and why I do not agree with the 3.5 day rule, see this post
Grumpycat is a villain that must be stopped to protect our freedoms here on steemit!
There is a resistance that has formed to counter his tyranny.
If you would like to take an active role in stopping this menace and helping other victims like yourself...
Learn More Here
I have also summoned my love, Kusari to offer some limited help to victims like you.
See Here
Promote your post first time for FREE.
Send 0.500 SBD / 1.0 STEEM and url in memo and your post will be resteemed with over 18.000+ followers , Min 60+ Upvote , Hugewhale Upvote .
Your post will be more popular and you will find new friends.
Details and proof of work here:
BONUS: for every upvote, in the next 30 minutes you get a