BTC/USD My Thoughts: I indicated in my last analysis, Bitcoin was moving on up and the trading action appeared very healthy. I was rooting for a sustained move above $10k (2nd major resistance line IMO); and thus far, Bitcoin has sustained that move. The third line in the sand is steadily approaching. That is; if Bitcoin can power through $12,500 with volume and trade above that level; it will signal to me that we have a fighting chance at retesting the previous $20k highs. Pulling back from the current level of $10,800 does not signal failure. A minor pullback to the low $9ks would actually be healthy price action for the overall trajectory of the chart. I remain bullish on Bitcoin. Long Live Satoshi, Long Live Crypto!
DISCLAIMER: Nothing on this site shall be constituted as investment advice. Cryptocurrency is a highly, note, HIGHLY speculative market. The returns are great but so are the risks! As with investing; I never invest with money I can not afford to lose.
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BTC/USD My Thoughts: We aren't out the woods as of yet but things are looking up. Since hitting a low of $5,873 on Feb. 6, 2018, Bitcoin has been in an uptrend (characterized by higher lows). The real battle ground, however, would be the previous line of break-down; which is the $10,000 mark. We are a bit away from 10k. But then again, in the Crypto World where no one EVER sleeps, we aren't that far off with the current price at $8,623. If Bitcoin can reclaim and hold $10k for any bit of an extended period, I almost feel we will be back at $20k in the blink of an eye. For now, we watch. Sign-up for our Crypto Newsletter and join the new crowd of crypto investors that stay up 24/7. Long live Satoshi! Long live Crypto!
DISCLAIMER: Nothing on this site shall be constituted as investment advice. Cryptocurrency is a highly, note, HIGHLY speculative market. The returns are great but so are the risks! As with investing; I never invest with money I can not afford to lose.
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AuthorTina "ShortMeTina" Ley (pronounced Lee) holds a Bachelor of Arts in Forensic Psychology and a Master's of Science in Mental Health Counseling and has been a stock market participant for over 10 years. Currently a Full-Time Trader and Blogger of all things financial. Archives
March 2018
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