Bitcoin : Update 19 Mar 2018

in #bitcoin7 years ago

Hi Steemit Friend,

Yesterday Bitcoin was bounce after hit $ 7350 and recently it’s trading at around $ 8300 after the price was jump about 12% with BTC dominance about 47%.


Btc 1H.png


Currently both price and volume is began to increase, I don’t see any divergence or disagreement between and it’s indicate that bullish movement is fine and will keep push price higher, maybe some consolidation will occur for a few hours ahead.


ETH USD 1H.png


On the other side recently the price of ETHUSD is consolidating but looks like the volume is not good. I see that price is lagging behind volume because volume was hit the line but the price doesn’t. Volume compared to BTC is not same and from market correlation perspective I think there are small chance that bullish movement of BTC will be affected.

Let’s See..


Disclaimer: This is not financial advice. I’m just giving idea, all trades it’s completely in your responsibility. Make sure you use trading management properly to avoid losses.

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Good conclusions here.

Watch for a double bottom. If it does and breaks the 7.2k support you may see it drop to the mid 6k range.

very interesting if that happen, I'll buy the dip :D