Price Analysis - Bitcoin Inside Bar Pattern - Oct 29 2017
For last 5 days, bitcoin's price is ranging between $5500 and $6000 level. On 24th October it created a bearish candle and after that for the last 5 days, it's unable to break above or below this candle.
So currently market is in ranging condition and it's waiting for a break either above or below this level. But there's a potential support level at $5000 level.
So, I'm right now I'm waiting for some sort of confirmation. Will update you guys if I find any good opportunity to trade. Till then follow and upvote if you like. :D
I think the market will be going sideways until the Segwit2x fork which is expected around 16th Novemeber.
Yeah! That's a good point.
img credz: pixabay.com
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Daily trading with Bitcoin can be really profitable but risky too.
Indeed. This is why we have to learn how to manage risks. It's the basic of becoming successful in trading for any type of instruments. :)
amazing
Thanks.
Nice growth, I love exponentially curves :)
But in reality exponential curves doesn't last long. :D
Long enough to 'surf the wave' is important :D.
Or watching for really long exponential curves like on stock markets (8-10%p.a.) - the insolvent/bad companies are sorted out and the risk spreads to the whole world, because everybody want to buy the stuff of these companies :)
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