Crypto Chart September 2021 Review I BTC/USD
Peace
I hope you are doing well this morning. The price of the token presented below on the weekly chart is reviewed in a brief report. It is important to never invest more than you can afford to lose. The opinions given in this article are only for educational purposes. Please I strongly stress the point of conducting your full detailed research on the crypto you are targetting before any action in this volatile market.
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The price on the weekly chart describes the evolution of Bitcoin tokens against USD one candle at a time on the Bitstamp exchange. The prices of BTC are moving down after consecutive green candles recorded in the past weeks. Its current value is located as I am writing this article around 47219 USD. The green line represents the resistance line where the prices were tested four weeks ago. The fact that BTC price crossed this resistance line showed a positive perspective. It appears that BTC tokens are steadily losing value since the beginning of September 2021. The moving average has not crossed yet. Therefore, it is not wise to confirm this returning trend in the BTC value. Whether or not there will be a cross of the two curve lines next week the market is responding not so well to this drop in value. The moving averages have not confirmed the solidity of this current uptrend of prices. I expect the market will react and prove me wrong otherwise, hold your bag of BTC as the prices may suddenly dive.
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Now through Septeber 12th we will be accepting 0.25 - 0.75 bids. I want to try out if the bidding rounds work and hold profitability with different bid sizes. Feel free to send in bids of anysize between those ranges.
Please note... We can not control the profit margin of these, On sunday we will decide togeather if we want the rounds to stay at a set price, or a bidding range.