BTC at a Full Halfway Back
BTC is in the 50% retrace area of the entire move from the January 2015 lows to recent highs, the perfect place to expect to see the beginning of serious institutional buying. Everyone who was looking on in disbelief a month ago now has a very nice opportunity to start allocating a part of their portfolio to crypto. Everything between the 50% and the 61.8% will be seen as a great buying opportunity for money that feels the need to diversify and get some crypto exposure.
I'm wondering if they're going to get smart and start picking up more STEEM and BTS too. 😄
Good point! Do you think they will wait until after the first futures contracts expire this week? That may add to the buying (or selling) pressure...
It's really hard to say one way or the other, but I do think that it will definitely add to the volatility!
First thing to watch is where the bids show up and in what size and how many. Everyone will be watching each other to see just how anxious they are to put positions on.
Interest in Bitcoin is increasing day by day. There is great interest in this currency in many parts of the world, and investment is on the rise. Although the value has been on the last few days, the number of those who believe that BitCoin will rise again is unlikely.
@cryptographic
I have evaluated this decline today. We'll wait and see. Valuable post. thanks for sharing.👍👏👏
valuable post. thanks for sharing
https://steemkr.com/crypto/@cryptographic/the-crypto-boom-part-3-what-to-expect-from-crypto-in-the-future 😉
@cryptographic,
I think this price drop and all dramas happened due to the end of 1st Future contract! HODL everything will be alright and your graph analysis with fundamentals definitely works! (You have proven us your analysis are 100% accurate) Thank you very much for sharing this valuable update with us!
Cheers~
SMA
BTC is well supported by the 100 day SMA as of now and once it breaks decisively(means the close of the daily candle, if bearish), then 200 day SMA will be the next strongest support which is at 8500 usd.
Fibonacci
If we plot the fibonacci from 2016 to 2017, then we can see that the 50% Fibonacci is at 10000 level and 61.8% fibonnaci is at 8000 level. But we must remember that any price between 50% and 61.8% is a good buy always and this holds good in the present scenario.
all other parameters like RSI and stochistics are in extreme oversold territory and hence bounce is very likely from this level.
Thank you @cryptographic...steem on and stay blissful....
it's true right now it's a great chance to buy more steem and hodl because we might not see that price again with the upcoming hardfork and SMT.
Yes i bought 350 steem & 10K bts yesterday....i think best time to buy..i will buy some more today also.
@cryptographic...its a bad time in cryptofield Its at long last got up to speed with them. Ponzi great appropriate here insufficient cash coming in to help what ought to go out. Continuously occurs with every one of these projects yet individuals poor millions into this poop regardless of the amount you do whatever it takes not to.
The miserable part here however is nobody is a victor, everybody loses (I am not put resources into bit associate by any stretch of the imagination) But rather whats extremely awful is currently that bitconnect is gone some other bologna will dispatch and individuals will do a similar damn thing once more.
Great and valuable information.
Thanks @cryptographic for sharing this post.😊 💚
Upvoted + Resteemed your post.
important post... a debt of gratitude is in order for sharing
Upvoted & Resteemed this post now @cryptographic