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RE: This is why Bitcoin and Ethereum are going down.
Where do you think a good support level is to start buying.? I think around 220 for ethereum and 2300 to 2000 for bitcoin.
Where do you think a good support level is to start buying.? I think around 220 for ethereum and 2300 to 2000 for bitcoin.
Seems about right if it actually happens. Not sure if ethereum will hit that price as quickly as bitcoin may hit that price range.
In my earlier post today: https://steemit.com/cryptocurrency/@demogirl06/bitcoin-might-head-down
You can see some support lines.
Frankly, your transaction fees for 1.0 BTC are going to swallow up a lot of perceived edge. I'm not a great short-term trader. If you want to get on the bitcoin wagon and just ride along, get in NOW, period.
I can't determine if BTC will go as low as 2000. I'm doubtful. 2300? Perhaps.
What you can do it go onto an exchange and place buy orders on the way down. Like 1 ETH at 260, 1 at 230, 1 at 220, etc. That way, if it dips down a little bit but decides to turn around and go back up, at least you got PART of your order on the cheap.
I am planning on buying and holding and just looking for reasonable place to get in. Thanks for the info. Can recommend a good exchange to use .