Bitcoin Flatlines while Stocks Quietly go Parabolic.

in #cryptocurrencies • 6 years ago (edited)

Hi trader, let's talk about Bitcoin,

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Bitcoin.

Nothing much has happened since our last market update.

The cryptocurrency is showing no signs of volatility on the spot market:

download.png

Meanwhile the stock market is correcting...

download (4).png

... but will likely recover and aim to prolong its historical 10 years bull run:

download (1).png

The longer time-frame reveals that the stock market is indeed in a bubble, the chart is starting to go parabolic...

download (2).png

... and could pull a 2017 Bitcoin before the bubble gets pricked and drag our economies into a recession.

I leave you with this very entertaining interview of Bitcoin-skeptic Peter Shiff on the Joe Rogan podcast:

Strategy.

Nothing has changed as far as our strategy:

  1. Avoid trading the chops as Bitcoin is grinding at the bottom, instead accumulate your favorite coins at a discount.
  2. Keep your eyes on the S&P500 for signs of correlation with the stock market (especially in the event of a more severe correction).

Until then,

FØx.

This content is for informational purposes only and does not constitute financial advice.

If you liked this article, make sure to show some love by up-voting or following the blog. You can also follow us on Twitter at F0xSociety.

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#bitcoin #ethereum #timm #blockchain
6 years ago in #cryptocurrencies by
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     6 years ago (edited)

    Do you think that there is a chance to steem price goes up in this year? 😂

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       6 years ago 

      No @hanggggbeeee I think Steem is a dying blockchain :(

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         6 years ago 

        Really? I still has a hope for its future 😂

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          [-]
           6 years ago 

          Hope is good 😄

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            [-]
             6 years ago 

            Congratulations! This post has been upvoted from the communal account, @minnowsupport, by FØx from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

            If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
            Be sure to leave at least 50SP undelegated on your account.

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