Bitcoin is hitting resistants more than 20 hours rally coming!

CryptoGuru Level X³

November 5, 2016, 6:46 pm

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Bitcoin is hitting resistants more than 20 hours rally coming!

It as been a rocky few days for Bitcoin, as you guys know a rumor caused the market to fall almost 10%. It has since recovered about 2-3% but will it get back to the 740 number it was at before the rumor? I think we are over due for a rally Bitcoin has been pushing the high resistant all day and i think its about to erupt into a rally past 715 soon.

Bitcoin is hitting resistants more than 20 hours rally coming!

Last time this happen before the rumor Bitcoin shot up from 700 to 745 in the matter of one day. If you have money to invest i would say now is the time before the next rally. I have my BTC ready to go and im also invested into LTC as well. LTC price is greatly influenced by Bitcoin so when BTC goes up Litecoin goes up up. I think the Chinese are getting over the recent rumor and they are starting to trade like crazy again. If you have any questions please feel free to drop them below.

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Lynne

Lynne

Jkeyz2 yeah I saw that drop with the Bitcoin since I am monitoring it on eToro with my virtual account.

I am sure this is just a temporary drop, as we all know the value of oil and gold drop and rise all the time, so how would Bitcoin be any different?

Now my husband is away and I am wanting to go ahead with trading with real money on eToro... and I need his help!

Hopefully it will stay down till Wednesday when my hubby is home.

8 years ago

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CryptoGuru

CryptoGuru

Yes Lynne that is the time to buy, i don't think we will see Bitcoin drop below 675 again. I would trade on BTC-e as well if you can because the more trading sites you trade on the better chances you have at making more trades. I am currently trying to trade on 2 sites im watching one and actively trading on the other. Once i get the hang of it i will be trading on both. I have heard of people trading on up to 5 websites at a time. I have also heard stories of people making upwards to $500 a day trading. I have had some success some days i make over $100 some days i only make 30-40 bucks. The key to trading is patience and discipline, if you don't have these 2 things you will make bad trades and lose out on profits. The markets vary from site to site and if you guys wanted to sign up for BTC-e i can help guide you and help you make good investments. I have not taken any losses yet and im confident that i wont take any at all. How is that possible? If i buy something to high i just wait for the price to go back up rather than sell and lose money. I have done is before and have made decent money. even though i have to wait a few days its a good strategy to keep your money moving in a positive direction. I don't think the price will stay below 700 or at the 700 mark for long. We are way over due for a rally here and i think it will happen by Tuesday night my time. I could be wrong but so far i have been rite on the money, Literally.

8 years ago

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overcast

overcast

Bitcoin and Bitcoin cash are having good days lately. I mean I won't be surprised it continues to climb. And for that reason It'd be seriously going to have a good time on the coin and the investment side. You can surely think of that as an option. I think the way things are going for bitcoin it may continue to evolve with multiple forks. But It's kind of hard to see that though. It just goes to show how harder it is these days with the bitcoin.

7 years ago

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Barida

Barida

One thing that I like about Bitcoin is that you get to the point where you really get to enjoy everything about the investment that you make on it. I am saying this as I have come a long way in the coins market to know that this is the only way that you get to see the good things that come with bitcoins.

7 years ago

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overcast

overcast

Yesterday the news that coins won't be treated legal entities in US made the price of coin rise a lot. And it seems like the coins are going to be less likely to be accepted. Yet they are having lot higher price in the market. So that is something we may want to see as well. How this scenario changes over a period of time.

7 years ago

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Barida

Barida

This sort of scenario is one that is pretty difficult for us to read meanings into. Two questions that comes to my mind when I try to read the coins market are: Why do prices of coins rise when harsh laws are made against them and does it mean they are really used to carry out illegal activities? These questions I always ponder in my mind always and yet to find an answer to them.

7 years ago

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overcast

overcast

I think price of the coins is based on the market demand. And some of the top coins keep on working higher. And some just don't get the benefit from others. So they end up reduced on the demand. So bitcoin and few other would continue to have higher price.

7 years ago

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Corzhens

Corzhens

With the mention of rumor that can cause the devaluation of Bitcoin, that made me even scarier. That’s the main reason why I don’t indulge in earning Bitcoins because of the mystery behind the valuation. I am not really questioning the stability but what if the value suddenly becomes zero and no one can explain, what happens to your investment? I know that mining Bitcoins involve not only the effort but the resources that you need like electricity so mining is actually an investment of sorts.

7 years ago

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CryptoGuru

CryptoGuru

No Mystery behind valuation? Supply and demand backs it like the american dollar. As far as it becoming 0 Thats very unlikely Bitcoin is still up more than 6 times it was when i started posting. Ive been telling everyone to buy under 1000 had everyone listened they would have been well off when it hit 20,000.

Bitcoin is hitting resistants more than 20 hours rally coming!

As you can see by this chart Just 5 short years ago Bitcoin was $13. We are still up 158% from last year! Name another investment besides the medical and recreational cannabis industry thats doing those numbers?

7 years ago

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