Post
Topic
Board Trading Discussion
Re: BTC atm
by
carter937
on 26/02/2018, 23:51:40 UTC
What is your take on BTC atm from a technical perspective? The current bottom was at 5.9k and around 5 days ago an upper resistance level of 11.7 made the price pull a little back again. Are we just playing a bit around testing resistance levels, and suddenly we blow all the upper levels and see prices skyrocket again?
Or is this a part of a longer correction where we are to see the price move sideways or in a downtrend for a couple of months while people get their optimism back again.

I know there is not one right answer to this and everything can happen.. But what is your take on the BTC market atm from a graph-perspective (fundamental is welcome as well!)?

Personally, I am very much in doubt. I do not like the current volume levels, on the other side I do not think the upper resistance levels will hold for very long, and when we are on the right side of 11.7 for good, I believe in blue skies - until next correction ;-) 
We can see that both bitcoin and alt coin are gaining momentum in recent days, suggesting that the market is showing signs of a strong recovery. I think that at present we should invest in bitcoin because bitcoin is the most valuable coin in the current time and is growing extremely strong.