[ Bitcoin ] Bears still in control
Bear have taken us back to $8200 level again. The bulls have pulled us up from this level before but why are we here again? The Bears are still in control. Does this mean we will be going lower? Will they break $8000?
Currently we are at $8249, but we went down to $8131 and I don’t like it. I don’t like it because $8200 support did not hold. This is only $69 below $8200 so I might be over reacting.
The higher low of $6500 is still holding, but this means that the current wave down (before we go higher again) can take us to $7000 of just above $6500 to make a higher low.
We need to break $8870 to continue with the bull trend, but for now the charts look weak.
My trading bot has bought positions all the way down and I have run out of lots. If we go down more I will have to take some losses and sell some lots to buy at the lower prices.
Source: 3 day bitcoin chart on Bitcointicker.co with Bitstamp prices.
Here is Dan from the Chart Guys talking just before the new leg down and warning us of a no trade zone. I watched it to late unfortunately:
Do you think we will break $8800 next of test $7000 level from here?
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Ono! $8000 must hold. A down turn to $7000 will not be fun. But it will be a GREAT buying opportunity for the Bulls! And a good price to make a higher low.
I am happy with higher low at $8100. :) $7000 is to low. :(
Me Too!!
Welcome to the house of fun...
Interesting article, thanks for sharing. I've smashed the upvote button for you!
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Wow, that sound very interesting @georgeforeham. I will have a look.
I will have a look too
See you on Crowdholding! :)
It's a great platform, I am in their community and I think they have something special going on.
You know my philosophy, the lower the better, I don't enough BTC, please give me some if you have too many and only only want the price to rise. I think too many people have bought far too many, unlike myself..
Very interesting comment. Thank you
Yes, very interesting
No upvote for me? haha, well it's true, if you think you have acquired enough, then the only thing left is to wait for the price to go up right? as for me, I'd like the asset to be more affordable so that I can acquire more for a cheaper price. Do you want to donate some BTC to me if you have too many? ;-)
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STOPVery good thank you! :)
Well done @colinbrazendale
Thank you for your comment and upvote @qurator-tier-0