Sell off on bitcoin as traders sentiment still remain bearish
Last week bitcoin had a relief bounce after trending downward over the past 10 weeks which was an absolute bloodbath as there was no relief bounce for bitcoin when it broke the $29900, two days ago the rally to the upside was rejected at $22500 as bitcoin continued its downward trend as there is a massive resistance at that's price level leaving traders wondering how low can bitcoin go.
I have been scalping the market for awhile and Judging from my analysis using the bolligan band i will say we are to trend down too the $19000 rejoin and test the 19k support, if we have a daily candle stick closing below $19000 then we can expect to test the $17000 region, as there are alot of FUD on the global market and retail traders are scared of committing funds too the market as there are lots of uncertainty in the market right now, although am still in a long position, i have a little short position to hedge my trade incase the market decides too flip bullish later in the day during the USA open of the stock market..
Till then will still continue watch the market and see how things plays out.
What is Hive-Engine?
Hive-Engine is a smart contract platform on top of the Hive blockchain. It allows communities and businesses to build their own tokens, which are then built on top of the technology provided by Hive. This is the ultimate layer 2 solution. The token created on Hive-Engine is then immediately tradable with Hive on tribaldex.com or hive-engine.com which is the default dex exchange for trading hive tokens.
What is Hive.vote
Hive.vote comes with the automation world of hive with AI, HiveVote comes with amazing features: you can schedule posts, build a fanbase, follow a curation trail, and even automate claiming your payouts giving almost usage of ones hive account.
Join our curation Trail Airhawk-project for awesome curation reward
Posted Using LeoFinance Beta