BTC vs USD Monday 28th May 2018
📉 Heavy selling sold into support at 7300 (Fib 0.236%) which remains in demand for the past 5 days as sellers continually exited the market with a slow inflow trickling in.
🔔 Markets across the board were mostly bloody during the Saturday and into Sunday, with a slight uptick now in early Asian trading as many traders hope we consolidate here and finally see a positive upswing to close back above $9k. This is probable as mean reversal kicks in and price gravitates back to the moving average.
In the media / twitter - It's a mixed outlook with many calling for bitcoin to go to zero and altcoins to overtake.
Stochastics remains oversold with the next fib level at $6895, possibly we will see this level again similar to the start of April.
Traders concerned with loss are reminded their Bitcoin can still always be used for a short position at Bitfinex and Bitmex Exchanges in the case they wish to hedge against further bearish price action.
Headlines:
🔥 U.S. Launches Criminal Probe into Bitcoin Price Manipulation - https://www.bloomberg.com/news/articles/2018-05-24/bitcoin-manipulation-is-said-to-be-focus-of-u-s-criminal-probe
Bitcoin Price to Bottom at $5,700 in Short-Term Before Recovery: Analyst - https://www.ccn.com/bitcoin-price-to-bottom-at-5700-in-short-term-but-recover-analyst/
Buy Bitcoin, Sell Your Altcoins, Says Pioneering Wall Street Blockchain Analyst - https://cointelegraph.com/news/buy-bitcoin-sell-your-altcoins-says-pioneering-wall-street-blockchain-analyst
& Just delete Facebook!!!Join our FREE Telegram Channel: https://t.me/BTFDdotcomFEED
Sign up to our website: https://www.buythefuckingdips.com
Follow us on STEEMIT: https://steemit.com/@majorleeblunt
Follow us on Twitter: https://twitter.com/majorleeblunt
@banjo @cleverbot @originalworks @steem-untalented @bot-helper
#Investors-Group #DeleteFacebook #JoinSteemit #Steemfair #btfd #bitcoin #majorlee
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.
Yes, tell me how to do.
So you are an advertisment channel for channel 10?
It may seem like that, but I have a very high sense of personality and Intelligence. You on the other hand, listen to nothing but trolling!