Yesterday, we witnessed the false BTC breakout when it crossed a strong resistance level and then surpassed the $6700 mark as well. In last 12 hours, it has dipped again and the lowest price so far was $6250. Currently, it's trying to move up again. Experts say the main reason behind this pump and dump is that SEC rejects 2 Bitcoin ETFs Today. A lot of people got fooled by charts and their patterns. Though in a way, this was a great opportunity to earn some profits yet it was risky as hell too. So, for beginners, this is a 'no trade' zone until BTC gets stable. STEEM and SBD prices have dipped with this BTC dip and now trying to move up slowly at this point. It's important that BTC crosses $7000 mark for us to consider a bull trend.
Below are some print screens that I took from blockfolio app for Bittrex exchange.
STEEM
SBD
BTC
DISCLAIMER: I'm not a financial advisor and just share my analysis and experiences. The best way to do investment in anything is always to invest what you can afford to lose.
I'm Yasir Bokhari. I joined Steemit back in July 2017. My main interest in blogging is Cryptocurrency, Product Marketing, Crowdfunding and How To Make Money. However, I often times, participate in different blogging contests on topics that I find interesting. You can follow my posts at 