Market Wrap: Bitcoin could be going to 5000 sooner rather than later and BUILDTEAM soars to 15 BTS as bidding heats up
Hey everyone, hope you're all enjoying your weekend and making tons of nice trades. The BUILDTEAM market has been going crazy lately, up to 15 BTS overnight.
Here's the latest in ...
Crypto Markets
2600 has held fast on BTCUSD and pair has finished higher two days running. We are now actively testing wedge resistance at 2900, with a break higher targeting 3000 and up. Beyond 3K we have fib extension targets at 3440 (138.2 ext), 3710 (161.8 ext) and 4145 (200% ext). Equal legs from the April lows would take us above 5K, but let's not get too ahead of ourselves! Bulls will be looking to enter long/add above 2900 and again above 3K:
Ether finished the day lower and continues to struggle with that 225-250 resistance zone, not much more to say at the moment:
STEEMBTC remains supported, but not much going on to the topside. Either way, with BTC rallying, all we need it to do is hold strong and I still favour a move higher:
Currently fetching $1.71 AUD, up from $1.64 on Thursday. Up a little against the Dollar, fetching $1.30 from $1.27 two days back. Steem Dollars are trading at their intended value with a .99c bid and $1.01 ask. First time I've ever seen that.
That's me for the day folks. If I sent you some BUILD on discord last week, make sure you check out the bidding spread sheet and consider placing a bid - things are getting very interesting. I'm not sure if @reggaemuffin intended this when he formulated the idea, but it is a fascinating study of game theory and behavioural economics in action: if all the participants co-operate and act in their own (and the communal) best interest, BUILDTEAM tokens are worth more Steem. On the other hand, if participants are irrational and greedy, seeking to selfishly outbid each other, they inadvertently harm themselves and the group, debasing BUILD and earning a smaller return ... Amazing stuff.
Team Aus footer by the amazing @bearone
Thanks for the Technical Analysis! I'm curious to see if BTC will break $3,000 in the next week.
It's looking very promising at the moment :)
well looks like it already did :)
My long term view of bitcoin is bullish with short term corrections, it will reach 5000 but takes time. So buying on dips is a good strategy. I am planning to buy build team tokens for
Seems like its going to be sooner that we thought...
indeed it break 3000 already and still going up
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Thanks! I think we all wonder "how far will it rise?" Its exciting times indeed:)
STEEM price will be interesting in this next run. If BTC keeps going, no reason to expect STEEM to ever touch $1 USD again.
woooooow
thank you
it's amazing post
Wow. I noticed that yesterday when I tried to power up my sp. I have done the needful.