[ Bitcoin Trading ] Another key level broken

I was just starting to become positive yesterday after watching Haejin Lee’s analysis and then Bitcoin dropped to below the key level of $6500. It fell to $6481 on Bitstamp.

I was so positive that we will see an upswing from 6800 that I even switched on the buy button on my auto trading bot. With the fall of yesterday if bought more lots and just about all my lots are filled now. I am hoping for a bounce now. 😊

This morning I watched a video by Nasir Jones at Financial Freedom YT channel and he makes a lot of sense. He thinks that if $6300 to $6500 level breaks we are going down to $4200 next. But this will take time and not immediate.

Looks like the bear market will have to flush out all the positive people, like me, first before the bull market returns. The same people that said Bitcoin to Moon and $100k, must say ‘’sell’’ only then will be the time to buy again. Or maybe one should accumulate now and buy the dips until we get the final dip. But when will we see the final dip?

Google Trends might give us a clue. Maybe we need to look at the interest factor in 2014 after the crash. I went to have a look and it was 2. Currently we are at 13! The high is 100. We have come down hard already. So the bottom must be close by if $6481 is not the bottom.

Watch this analysis of Bitcoin by Financial Freedom YT channel:

Here Dan’s regular daily update. He is not ruling out $4000 level:

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Colin Brazendale

Email: [email protected]
Facebook: https://www.facebook.com/colinbrazendalesinternet/
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Website: http://www.successwithcolin.com

More information about me:

I love Steemit and I have been blogging here since June 2017. I am always looking for ways to increase my Steem and SDB holding. Lately I have started trading bitcoin and altcoin using an auto trading robot. So far it is going well, and I am in profit. 😊

Most of my time is spend on internet marketing for my clients on Google Adwords, but I also love network marketing on the internet.

I have been cloud mining for the last 2 years, but stopped promoting it due to the low returns from Jan 2018.

Why I joined Zukul Trade:

How to get started with Zukul Trade:

Proof of earnings 18 May 2018. The auto trading bot made $170.88 in the last month in down market.

Contact me via email [email protected] for more info on the auto trading bot.