Cryptocurrency Market Shakeout Gives us an Opportunity to Buy Bitcoin
Hey guys,
With Blockchain week kicking off in New York City this week, cryptocurrency markets have been given a bit of a shakeout.
If you had a weak hand going into this week, then you were undoubtably knocked out of your position as a new wave of Mt Gox and Korean driven FUD swept the market.
But you would have seen in my latest cryptocurrency weekly market preview, featuring big daddy Bitcoin, that I’ve been eyeing this level for the pullback to make my year:
BTC/USD Daily
Just look at where Bitcoin saw buyers came in. Yep, just a few pips above the zone.
If this is in fact the higher time frame bounce I’ve been waiting for, I will be smashing the first retest of short term previous resistance turned support, that I see.
Maybe something like this will play out:
BTC/USD Hourly
This shakeout is predictable and a good thing, people. Relax and buy the dip.
✌🏻.
@forexbrokr | Steemit Blog
Market Analyst and Forex Broker.
Twitter: @forexbrokr
Instagram: @forexbrokr
Anything lower and everyone would have loss their mind. I know long term this doesn't matter, but in the short term I'm glad we didn't drop below $8k. The market is still looking great.
Well we’re nit out of the woods yet. It could easily go lower here and you’re right, people will lose their minds. But that’s where the calm heads prevail and the irrational ones lose their entire accounts.
Extraordinary. I have followed you on instagram
Thanks buddy. I don’t post a lot on Instagram, mostly focusing here and on Twitter. Check those out instead?
Ok buddy. I will change
great trading news post. thanks for @forexbrokr
No worries.
🤑.
price is falling so mass's wont buy, oh bitcoin is 20k ?BUYBUYBUY
Yep, that’s the human psych of the masses. Or if price is rising through 10k, it’s wooo! But pulling back to 10k, the world is ending.
Ridiculous...
The media employs a lot of it with their ridiculous coverage
Very good post! Upvoted! :) Thank you!
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I’ll come check your stuff out if you say something specifically related to the post above. Thoughts?
Crypto investment won't be good without other source of active income. Else there will be no ability to buy the dip when time comes.
That is true. But we do have the ability to create an income through trading, Steemit and SmartCash just to name a few.
What altcoins might you say peak your interest?
STEEM and EOS right now 🤑.