Crypto Climb Back: The Struggle to break resistance
After a major downfall the crypto currency market is climbing back again trying to break resistance. The past 2 months were not good enough for the markets as we see most alt coins along main coins like Bitcoin, Ethereum and Litecoin were bleeding hard as an after effect of negative news which floated across the globe.
The recent G20 meet of nations were expected to give another blow to the market, fortunately it turned out to be good instead. And as a result the market slowly started recovering from the downfall. As i write this by IST 9:55 am Bitcoin and Litecoin are recovering faster, while Ethereum is still slow on recovery.
Litecoin was the strongest in the previous fall and held strong by only dropping very little. It was yet another shopping opportunity which was utilized by the smart investors out there.
The news about Google and twitter Banning the Ads related to Crypto was the pull factor for the recent market down trend. But again it is crypto volatile nature of it is familiar to investors, so the weak hearted sold out in loss, while the smart guys saw that as an opportunity and bought coins in cheap price. Do that for the next drop and thank me later :)
Follow @shonyishere
I hope it won't fall down again, it's been saaaad 😅
Steem really has to go to the moon like everyone's been saying
Ok maybe not to the moon but at least not below $4 😂
True that, it was also an opportunity to buy steem but, I was broke so 😂
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by shonyishere from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
Great post, thanks for sharing! Upvoted and keep up the good work!
Clearly the banning of the adverts is a action to try to monopolise the market. First break it and then buy it up and slow progress.
If anyone is interested in getting some crypto look into Crowdholding. They are a co-creation platform where you get crypto for giving back feedback to crypto startups.
Sign up for free at https://www.crowdholding.com