Bitcoin Severely Oversold, Various Technical Factors Suggest
Analysts state that the oversold condition of Bitcoin demonstrated by WPR could lead to a short-term corrective rally in the future, which may enable Bitcoin to break out of a major resistance level at $6,900.
Good technical analysis article on the price of bitcoin. I'm not a huge fan of technical analysis because if you could predict the future price of something just by looking at a chart, everyone would be doing it and we'd all be rich. Having said that, I still like to see what the technical analysis is predicting because let's face it, people use it and their buying or selling has an effect on the market, all other things being equal. And I'd love for bitcoin to move above the $6,900 level....
Read the full story here...
https://www.ccn.com/bitcoin-severely-oversold-various-technical-factors-suggest/
Bitcoin around $6500 right now, not a lot of movement up or down the last couple days.
I hope your right! Great content by the way! Followed.
In the short term, I worry more about stories like this instead of the long term fundamentals which I believe are solid....
https://www.financemagnates.com/cryptocurrency/news/one-billion-dollars-worth-of-bitcoin-to-flood-market-courtesy-of-mt-gox/
Thanks for the info! Looks like we have some time until that happens. Also getting people worked up to think the price is going to go down is a great opportunity for a spike up to destroy shorts.Either way long term looks solid to me as well. We will just have to wait and see, happy Steeming to you!
Thanks, following you too.
So what's the deal in Colorado right now, can an out of state person buy medical cannabis, specifically, tinQture indica 600mg? I hear conflicting answers....
Great news!
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Hope so, hope the bottom is really in.....
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