🎥 Cryptocurrency Market Overview | 11.07.2019
Hello dear Steemians and Dtubers!
After the solid price drop of Bitcoin that happened yesterday in the evening, I decided to analyzed thoroughly the price chart of BTC/USDT using Candlestick and Technical analysis on different time frames. I outlined some important candlestick formations on the price chart.
At the end I commented on yesterday's speech of Jerome Powell (United States FED chairman) in front of the Congress in the U.S, in which he had mentioned the impact of cryptocurrencies on FED montary policy.
Enjoy watching the #video and, please, comment!
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last almost 13 years, and as a cryptocurrency analyst for the last 2 years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency trades, investments and etc.
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Thanks for a great video @cryptospa, and that was very interesting to see those candlesticks, it really does show very solid resistance at that level, which means the buyers will be much more careful, and that in and out of itself can tip the scales downwards, let's see what happens.
And also very interesting about that Fed hearing and what they had to say, and I have to agree that it will take some time yet before crypto really takes off, but when it does it will go very fast, it's a technological disruption and those operates on an S-curve, it starts slowly and then it moves faster and faster until you have almost full adoption, kind of like what happened with smartphones, but crypto do have the potential to move faster than that once it really gets traction since it's mostly software.
Stay Awesome!
@flaxz, thank you for the awesome comment! Yeah, we have to keep an eye on the price of BTC. It is a very tricky moment now.
I absolutely agree with you about the S-curve! When the mass adoption will start it will unfold very fast and the crypto prices will skyrocket.
Stay awesome!
👍😀♨
Excellent analysis, in particular regarding the mothly chart on which I fully aggree with you, let's see if we get/maintain the previous high...
@toofasteddie, thank you for stopping by and commenting! Yeah, we have to keep an eye on the price of Bitcoin. It is a very tricky moment.
надо мне успеть купить биткоин)
Ну, да! Время всегда есть.
Thanks for share your update information
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Glad you find the information interesting!
Thank you for the Bitcoin analysis!
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You are welcome!
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Thank you!
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