BTC Dead?

in #btc5 years ago

BTC DEAD 2010/2018

LOL just messing with you all. BTC will never die. Is it time to Cost Avg your position??

Are you buying anything yet?

Do you have a portfolio that is able to stand up to the market corrections?

Lets start a discussion and see where the market is going.

I still feel the market has room to exhaust more sell pressure. Hopefully finding support in the 3500 area. If this fails to hold I expect to see a drop to the 3000 zone with support holding below in the high 2000 zone and then again below 1400. This is a huge force of pressure. OR very little resistance.

If someone like CSW or RV are selling off a lot of BTC we would expect to see heavy sells followed by strong buys. Causing a short squeez and higher spikes in prices. This would be followed by very strong sells, due to a whip saw effect from leveraged markets.

Stay frosty my Steem Family. Keep your grip tight and that finger on the sell button.
Remember Your Stop Loss is my Bid!!

image.png

This is not trading advice, Always trade at your own risk. Never trade on emotion, never trade more then you are willing to loose completely. Take responsibility for your own actions. All trades made by your self are at your own will and under no coercion of any other parties. All information provided are for entertainment and should not be considered financial advice.

If you are interested in any of the links below please feel free to sign up. As the Referrals help me keep bring more content to you.

Binance
https://www.binance.com/?ref=11803018

KuCoin
https://www.kucoin.com/#/?r=2K5d8Invitation
Code:2K5d8

HaasOnline Trading Bot
https://www.haasonline.com/?ref=672&campaign=Discord

CoinTracking
https://cointracking.info/?ref=J222167

Bitcoin.Tax
https://bitcoin.tax/r/Kg4pwqdD

Deribit
https://www.deribit.com/reg-3304.4773?q=home

BitMEX
https://www.bitmex.com/register/PsDy4c?/=home

Virmach VPS
https://billing.virmach.com/aff.php?aff=2945&url=virmach.com/special-offers

STEEM IT Account
https://staging.busy.org/i/@vanityplates

Sort:  

Not even close. 360 days into a bear cycle. The last bear before the epic run-up was 600 days.

Posted using Partiko Android

Agree I dont feel the market is ready for a bull run. Its still too hurt over the last bull run. A lot of people lost a lot of money. I don't think a lot of them will come back. they where scared away for good. But the next big thing something bigger then Bitconnect lending style platforms and Cloud Minning.

They will be back. Most people buy high and sell low. When the media discovers bitcoin again, they will come back. It's easy money in alot of people's eyes.

Posted using Partiko Android

Easy come easy go. Keep you grip tight and you eye on the moon!

This is really close to my Low from ATH prediction. I could see the price coming back a little earlier, But this would take some time. to see more adoption. With price swings like this we could say good bye to the chance of any ETF getting approved. Too much manipulation?

Congratulations @vanityplates! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You made more than 50 comments. Your next target is to reach 100 comments.

Click here to view your Board of Honor
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Support SteemitBoard's project! Vote for its witness and get one more award!

Hi @vanityplates!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 0.723 which ranks you at #63494 across all Steem accounts.
Your rank has dropped 97 places in the last three days (old rank 63397).

In our last Algorithmic Curation Round, consisting of 280 contributions, your post is ranked at #278.

Evaluation of your UA score:
  • Only a few people are following you, try to convince more people with good work.
  • Try to show your post to more followers, for example via networking on our discord!
  • Try to work on user engagement: the more people that interact with you via the comments, the higher your UA score!

Feel free to join our @steem-ua Discord server

Congratulations @vanityplates! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You made more than 10000 upvotes. Your next target is to reach 11000 upvotes.

Click here to view your Board of Honor
If you no longer want to receive notifications, reply to this comment with the word STOP

Support SteemitBoard's project! Vote for its witness and get one more award!

Coin Marketplace

STEEM 0.35
TRX 0.12
JST 0.040
BTC 71539.00
ETH 3603.23
USDT 1.00
SBD 4.75