The crypto market today.

in cryptocurrency •  2 years ago 

Hello again Dear steemians!

After a couple of weeks in down trending mainly pulled by bitcoin price, The crypto market seems to be finally reacting.

I use to watch some traders channel on the youtube, and recently the guy from the Bitfarm channel (where they only use to make lives) made a market analyses where he say that we were now facing a moment of "turbulence" where if the BTC charts manage to overpass the top of its current trending line it shall start to recover its value and possibli revert the middle term down trending to positive, however if it didn't manage to break this top trending line it should slip down to the previous 8K support.

Fortunately looks like it have manage to break that upper trending line which means (in the Bitfarm guy words) that its next resistance value should be about 12.5k $.

After that it have been making higher and higher supports, so it indeed looks like we are are now starting a up trending, for how long it will last i don't really know but this is a good signal to all altcoins that might start being pushed up together with it.

Let's keep ours eyes open to the next bitcoins moves, I do really wish that this is it the beginning of its walking back to the 20k $ and beyond ! \o/

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Thank you for reading my post!

I'm @andyluy a Brazilian jobless college student, freshman at cryptocurrencies who live in Rio de Janeiro, love to make new friends , travel around the world, having adventures and believe that steemit can help me to gather 20,000 $ to realize my life dream to study in Japan!

​I intend to post about amazing things I've experienced, and hope soon be able to bring you with me to my new adventures.

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Thanks for sharing this update @andyluy. With people like you in Steemit we are sure of reliable crytocurrency market information and with this we are certain of making right decision because you always present facts and figures which are the oils for profitable crytocurrency business. Well-done

Interesting analysis though I'm not normally into subjective TA but always curious what people think. Short term I'm bullish on BTC (and long term but it will have its ups and downs) as seen from my data below. Check this out if it interests you: Just started following you, would appreciate a follow back if my price analysis content interests you as well :)

hi @andyluy have written a good story about crypto currency, hope steemit can help your dream to study in japan ...
Greetings from me....

this is important information, i want my friend @fararizky read it. he's the steemitgirls we expect to be crypto analysts

This is really informative, thanks for the info, this post deserves a million upvote

Today's been one of the slowest days in terms of change in % in the crypto markets.

This information is really helpful. Thank you 😍

Very important. Thanks for information

An interesting post, I hope your day is always fun

Great info buddy .crypto market is uncertain but give you chance to earn thick

thank you information