Bitcoin Breaks Out of Downtrend - Stock Market Still in Bear Market 13th April 2018

in #bitcoin7 years ago

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Bitcoin has broken out of its downtrend. If it stays above $7,700 all day, then that it is a strong indicator that will not go lower for the rest of the year. I predict the uptrend to continue until June.

Buy $100 worth of Bitcoin and get $10 extra free.
https://www.coinbase.com/join/58147ea219ddf6654e6ffe52

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The S&P 500(SPY) indicates the overall strength of the stock market. While it has been on an uptrend for one week, it still hasnt broken the downtrend. Maybe it will cover soon, but it doesnt recover in the next two months, that is a strong signal for a two-year global recession.

Be careful investing in alt-coins. Learn to buy in at the lows and do not invest too much before the Summer.

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EOS looks like it has the momentum to continue its bull run to break new All-Time Highs. EOS is a long-term buy and hold. Investors do not need to worry about its ups and down. It is less than Ethereum was last year and its value could multiply by a hundred if creates a better platform.

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Cardano is another long-term hopeful. It looks like it is staying above the 50 day moving average. This suggests a high probability of profit from this point onwards.

Buy EOS, Steem, ADA and Neo.
https://www.binance.com/?ref=10221165

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Coins mentioned in post:

CoinPrice (USD)📈 24h📈 7d
ADACardano0.215$23.54%48.61%
BTCBitcoin8088.150$18.22%21.18%
EOSEOS9.209$9.85%53.32%
ETHEthereum518.166$22.62%39.2%
STEEMSteem2.889$38.74%66.38%

STRAT, PPT and SUB are also great projects that are undervalued and gaining momentum and have recently broken out