Crypto Market Update 16 may 2018
Bitcoin is tradin in the (lower) short term 8.100 - 8.900 channel. Volume is stabile and looks like it is decreasing when testing the support levels. Not explicit a bullish sign but it could also swift very fast.
It will be interesting to see if we drop below $8.000. If that holds with a increase of volume it looks pretty good that we set a new strong support level around $8.000 ( more than a 60% correction from its peak in December 2017.
Below the 4 hour chart.
Headlines 18 May:
Bitcoin will use worlds 0,5% energy by the end of 2018.
Learn more: https://techxplore.com/news/2018-05-bitcoin-percent-world-electric-energy.html
Bitcoin mining equipment maken 'Canaan' files for 1bln. IPO
Learn more here: https://www.bloomberg.com/news/articles/2018-05-16/bitcoin-mining-equipment-maker-canaan-files-for-1-billion-ipo
Good trading and until the next update.
disclaimer:
My post is not an advice in any proportion. Do not trade and invest with money that you can not miss. Try to act and invest as much as possible without emotions. Try tou first understand all matters before you start investing real money. into the markets. Keep it fun, light and clear for yourself. Know your limits. With that said I wish you a lot of success
@therealwolf 's created platform smartsteem scammed my post this morning (mothersday) that was supposed to be for an Abused Childrens Charity. Dude literally stole from abused children that don't have mothers ... on mothersday.
https://steemit.com/steemit/@prometheusrisen/beware-of-smartsteem-scam