Bitcoin made a break out this morning at about 6am GMT+2 time or South Africa time. The price was moving in a tightening range and you could see a break out coming. Unfortunately, it was to the down side.
Bitcoin fell from $7869 to $7451. Support at $7391 is still holding, but for how long, or are we shooting up from here?
I can’t help feeling that this continued downward moves is a way for bitcoin to get all the faint-hearted bitcoin followers out. It you bought in December to follow the heard and lost 60% of your holding value in Rand or Dollar you would write Bitcoin off and move on. Or am I wrong?
Here is Dan from the Chart Guys giving his prediction before the breakout:
Here is a video by Haejin lee on Steem. Steem has fallen more than Bitcoin and has been disappointing for me at Steemit:
Do you think of the current Bitcoin and Steem price? Are you still holding on or on the exit?
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Colin Brazendale
Email: cwb197@gmail.com
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More information about me:
I am a successful bitcoin cloud miner and affiliate of Genesis Mining and USI Tech. I have been mining for the last 19 months. I highly recommend Genesis Mining and USI Tech to earn bitcoin and make money online. I believe it is more important to earn income than hold assets. That is why I recommend mining crypto and blogging on Steemit.