BTC - Resistance line broken - Is correction almost finished?
Hello all,
As explained this morning, we were testing the resistance line and we finally broke it :
I will be very carefull now because a new up trending can come back. The rumors about Amazon can be a nice excuse to bring a nice volume to try to make new highs.
If we are able to break the next resistance line in orange, please consider that the correction is already finished. If we are able to go quickly under the blue line again, the correction could continue. Please stay carefull my friends because we are in the middle of 2 trends...
I wish you massive profits,
Cryptopassion.io
Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Version française ici : [FR] BTC - Ligne de résistance cassée - Est-ce que la correction est déjà finie?
I don't know how anybody would believe anything that link BTC with Amazon. Without lightning network it is impossible for BTC to be accepted by Amazon. It's an absolute impossibility. If Amazon actually end up using BTC then it would be a massive blow to BTC because the Tx fees could easily go over $10 and even $20 would not be surprising.
Fully agree, BTC has a problem of transaction speed and fees... I would bet in lighter coins as Bitshares
https://steemit-production-imageproxy-thumbnail.s3.amazonaws.com/U5dsJoPpB2PUpwGC9xD63Kn3Stj3FbJ_1680x8400
Bitshares and NEM are the only ones I know which can handle Amazon intergration without breaking a sweat. Dash is already set for 400MB blocks. They resolved the entire blocksize "Debate" in a matter of hours. If Amazon gives them a deal Dash could simply make the Block size 10X and keep moving forward. PIVX is pretty much like Litecoin to Dash. So PIVX would end up doing the same if opportunity occurs.
I have high hopes for EOS too. One could simply build a version of Amazon on EOS if @dan manage to deliver in full. Bitcoin is simply a tragedy of the commons. Nobody in charge means nobody making decisions. Even lightning networks aren't protocol level upgrades. Looking at SegWit I don't even know when they'd actually be able to implement it.
BITSHARES is the more promising, no doubt about but, I think right now does not have a proper marketing and strategy plan... We need really to promote and support BTS
People will eventually figure out. Also there are DEX ICOs coming up. People are bound to realize what the OG DEX is and how many extra stuff it can do. Also they can learn from Dash and PIVX.
https://www.dashforcenews.com/
https://pivx.org/
NEM has more use cases than Bitshares but less than EOS: https://nem.io/enterprise/use-cases/
People will eventually figure out. Also there are DEX ICOs coming up. People are bound to realize what the OG DEX is and how many extra stuff it can do. Also they can learn from Dash and PIVX.
https://www.dashforcenews.com/
https://pivx.org/
NEM has more use cases than Bitshares but less than EOS: https://nem.io/enterprise/use-cases/
yes good idea @toofasteddie
Hehe Rumors have a big impacts on trade market, even when they are false. Just take that in consideration
I know it's all about sentiment. But somethings are so obvious BS that they are bound to fade away as fast as they arise. The coming November fork would easily keep prices above $5000 for the most part. But Amazon is just Bull. People would easily figure that out.
Even if it was true (very unlikely) we'd only get a massive spike to crash and burn. Hopefully ETH would eat up some of the market share. They had some real improvements.
interesting. good point
I don't know how anybody would believe anything that link BTC with Amazon. Without lightning network it is impossible for BTC to be accepted by Amazon. It's an absolute impossibility. If Amazon actually end up using BTC then it would be a massive blow to BTC because the Tx fees could easily go over $10 and even $20 would not be surprising.
We have the overall trend with higher lows and higher highs since September. A rebound on the hourly from a flag the last few days. Will get interesting if we can crack 6000 again soon...I think it'll blast up from there.
All very interesting, cheers to you and the whole comment section.
All very interesting, cheers to you and the whole comment section.
Think we could see a new ATH soon?
yes nice your post
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