[ Bitcoin ] We are down today. Bears take control
Yesterday we reached $9375 on bitstamp after visiting $9062 the previous day. Today we gave all of that back and more. Currently we are at $8869 and the Bears seem to be in control again.
I did not expect this weakness and was seeing Bitcoin targeting $10k, but that was not to be.
We broke the $9263 support and we are currently on support at about $8850. If this breaks, we can go down to visit $8000. So far it looks like it, but I hope I am wrong.
Lets hope we bounce from here as the RSI is in over sold territory and we might see a bounce from here.
Here is Dan from the Chart Guys. He is also sounding a bit bearish this morning.
How low will we go? $8880, $8000 or lower?
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We are reacting on any FUD. Whenever trustee moves BTC from Mt GOX, market is dropping...
i think, this is a game started. the gammers have made this. very soon it will recover
I am sure it will recover. I am long term Bull, but how low can Bitcoin go with this new correction?
I trust $8300 was the low for now. Hoping for a nice up turn now. Hope there is not another leg down from here.
What a BIG disappointment by Bitcoin. Things changed bearish so fast! :(
Yes it did. I see we are down to $8800. Not looking good. I see Haejin Lee also bearish now:
Just found this video from Crypto Advisor. Short term he is negative too! :(
Looks like $8800 did not hold and could turn to resistance. $8000 next leg down?
Now at $8608, was $8518 at one stage. people on Tradingview is saying things will look up after the Consensus weekend meetup.
Nice bounce from $8257 to $8500. Lets hope the bottom is in. Tone Vays predicted $8300 as the low.
A correction deeper than the 61% fib from april lows would be bearish sign longer term.
I think that on May 15-16 Bitcoin will gradually grow.
Why 15 May @shadun?
BCH hardfork date?
Next week, May 14-17 in New York will host the annual conference on crypto-currency Consensus, so there will probably be growth.
I trust you are correct. Others also calling for a bull run after Consensus.
You got a 7.33% upvote from @oceanwhale With 35+ Bonus Upvotes courtesy of @colinbrazendale! Delegate us Steem Power & get 100%daily rewards Payout! 20 SP, 50, 75, 100, 150, 200, 300, 500,1000 or Fill in any amount of SP Earn 1.25 SBD Per 1000 SP | Discord server
Thank you for the upvote @oceanwhale
Great post!
Thanks for tasting the eden!
Yes, great upvoting stuff from @edensgarden
Bears in the Forex system are the sellers Great publication We hope the strength of the currency will return