Bitcoin [BTC] vs US Dollar [USD] Sat 12th May 2018:
📉 A friday onslaught of staggered sales into a strong bid caused a spinning top candle with a large day range yesterday amid comments made by Bill Gates and Warren Buffet and speculation surrounding the MtGox trustee - all of which caused Bitcoin to trend on twitter, and for many speculators to split in their interpretation of the market.
🔔 Stochastics hit a new year low, dropping momentarily below 1 to the most extreme oversold level since the last big sell off which touched $6500 in the start of the year.
As suggested by us - a rapid buy up in early UK trading caused a bounce back towards the $8500 fib level. Dip buyers who may have missed this need not fret as further selling may continue into Monday.
Looking like we need to stay above $8k to carry on with a bullish run....
In the News today.....
https://ambcrypto.com/reserve-bank-zimbabwe-bans-cryptocurrency/
http://bitcoinist.com/tim-draper-bitcoin-is-the-most-secure-place-to-put-your-money/
https://t.me/BTFDdotcomFEED
https://www.buythefuckingdips.com
https://steemit.com/@majorleeblunt
https://twitter.com/majorleeblunt
#Investors-Group #DeleteFacebook #JoinSteemit #Steemfair
Disclaimer:
Please note that the above information is for educational purpose only and is not to be taken as investment advice. Other Cryptocurrencies are available.
