We had a very good run to $9935 on Bitstamp last week and over the weekend we saw a pull back to $9221. Currently we at $9325. I was hoping that we will see a break of $10k over the weekend but the Bull run out of momentum and the bears took some profits.
I think this pull back was good for bitcoin as it gives the charts a breather and allows bitcoin to make a new higher low before the next charge UP.
I think we will see $10k tested again this week and this time the Bull will have more legs to break it.
One big positive about the pull back is that if gave my crypto trading bot time to buy loads of new positions. My bot only buys when the price goes down and sells when prices go up. With the up trend of last week all my lots where sold with good profits. The auto trading bot is using 70% of my pot in new positions.
Here is Dan from the Chart Guys with a longer detailed video on technical analysis of Bitcoin, Ethereum and more.
Will we break $10000 this week?
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Colin Brazendale
Email: cwb197@gmail.com
Facebook: https://www.facebook.com/colinbrazendalesinternet/
Youtube: https://www.youtube.com/user/czb1972/
Website: http://www.successwithcolin.com
More information about me:
I love Steemit and I have been blogging here since June 2017. I am always looking for ways to increase my Steem and SDB holding. Lately I have started trading bitcoin and altcoin using an auto trading robot. So far it is going well, and I am in profit. 😊
Most of my time is spend on internet marketing for my clients on Google Adwords, but I also love network marketing on the internet.
I have been cloud mining for the last 2 years, but stopped promoting it due to the low returns from Jan 2018.
Why I joined Zukul Trade:
How to get started with Zukul Trade:
Proof of earnings 4 May 2018. The auto trading bot made $109.00 in the last 3 weeks.
Comment below for info on the auto trading bot.