I was asked few months ago:
"Why you move your SBD to Bitcoin?"
My answer was:
"Because I followed the bullish trend of bitcoin from 1800.00 level till 16600.00"
I was asked yesterday:
"Why you start to power up (steem power) just now?"
My answer is:
" I started to exchange some of my bitcoin to steem power as I predicted the bearish correction around 16600.00 level."
If you already saw my latest post of Bitcoin Trend, I am sure you read:
Bitcoin price kept rising strongly and set new high at 16600.00 and the bearish correction started due profit-taking at this level.
Breaking 14400.00 and hold below it, will stop the bullish wave and will push the price to extend the bearish correction towards 12875.00 level.
- As you see the level 12875.00 was tested.
- Bicoin price now around 13400.00 and technical indicators giving mixed signals.
- Breaking 12875.00 and hold below it, will extend the bearish correction towards 11500.00 level.
- Surpassing 14400.00 will stop the bearish correction and push the price towards 15200.00 level.
- Bitcoin trend depend on Breaking 12875.00 or Surpassing 14400.00!
My P.O.V ( point of view);
From now till the end of the year, it is the best time to power up:
- Because of the bitcoin bearish correction.
- The good exchange rate from bitcoin and SBD to steem power.
Have A Great Sunday
YOU SHOULD NOT TAKE ANY MATERIAL POSTED ON THIS BLOG AS RECOMMENDATIONS. TO BUY OR SELL BITCOIN OR ANY OTHER INVESTMENT VEHICLE LISTED.
What You Know About --> Fibonacci Retracement in Trending Market.
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What You Know About --> Syrian Civil War.
