Hey Steemians, hope you are all doing well. I know these days were not the best in terms of whats happening in the market. Well they 'sold the news' again as always. It was kind of fueling up for $500Bn before Consensus 2018 but the hype about died off soon and didn't turn out to be bullish as many expected.
Well the downturn got Bitcoin to test the ~$7000ish for the third time now and here is the TA on it.
- 61.8 Fib Support (Sweet Buying opportunity)
- Long term trend support
- Testing the support for the 3rd time now ( could be both bullish/bearish) however with the RSI gaining a little momentum and the very fact that Bitcoin is tremendously undervalued im still Bullish. We still need to watch out for couple more candles to be certain.
Its always a good idea to have a low leverage long or just buy some with cash too ( that is what im doing, not financial advice haha) I also dont mind getting liquidated a little here and there till it bottoms.
Last time XM used to have crypto/usd pairs for trading but been quite sometime they have stopped it. Though Bitmex, crrypto exchanges you can trade BTC/USD (T) i still find it easier to use the MT4 platform and comes handy too...Just got registered with IC markets
The application was straight forward and i registered,got my account approved & also placed my first trade BTC/USD MT4 buy and took profits for $0.54 just to see if everything works fine haha. They have relatively lower spreads on forex pairs and as of now going well.
Everything was done in less that 20 minutes & just in case for some proof haha
If you enjoyed it please do post your upvote, comment, resteem & follow.
Bitcoin : 1EDEU9A9D1pJYGkM8JaEEUgdH7U8yUNeXp
ETH & ERC 20 tokens : 0x277be3fe5b9b6fed7eff380bff320f9c1caf69a2
Steem & SBD : @amreshchandra :)