Blood Bath In Crypto Currencies!!!
Blood Bath In Crypto Currencies!!!
Hi, We have Red Blood Everywhere in Crypto Currencies.. and currencies broke down some significant supports.. so what now? I think this will continue till Friday and then in weekend we will get some recovery...
I posted my charts of Ethereum 8 hours ago.. and so far its working fine..
Here is my post:
https://steemit.com/steem/@hellogelt83/where-ether-is-going-caution-buyers-if-below-425usd
The reason why i am bearish on currencies is due to overbought condition and Market Cap!!! Now question is how do i relate Market Cap to my bearish view.. though Market Cap is healthy for crypto world..
My answer is... Market Cap has to do everything with it.. more money flow more market makers will dig in to dump $$$. For long term i see currencies very bullish but for now its a Pause for short term and Expect Deep Penetrations...!!!!!
I will not be surprise for Bitcoin to go at $580 and then back up... its very likely as Bitcoin left falling Pattern at price $580. So who knows!!! A deep dip and spike up...!!!
This pullback in currencies is good investing possibility for long term... so sit back and enjoy to enter into crypto world at cheap prices! ☺
Rock On & Steem On!
$580? No way, man.
No way
@onealfa why not? I am not overall bearish as i expect bitcoin to go 6500$ soon but in such high volatility market.. anything can happen.. deep dip and high spike up..
Yes, indeed. However my bets are, that 6500 is far bigger probability, then 580 :)
To scum out traders stops.. market tend to do this... and back up!!! So you never know what's coming... and one more thing.. banks are also involved at back end in surge of bitcoin and other currrncies prices.. so its not only normal traders moving prices... so when big fishes come they try to eat small fishes.. ☺
@onealfa check this.. you will know that anything is possible!!! Bitcoin can even split.. after 1 August...
https://steemit.com/steem/@hellogelt83/threat-from-mining-firm-bitmain-to-split-bitcoin-network