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Bitcoin: BTC Remains Strong Above $10k (February 2020)
Bitcoin has made an impressive move past $10k. Yesterday when we were talking about how BTC/USD had room to rally further the price was trading in the $9.6k zone but most indicators were lining up to suggest that it was likely to happen. Technical analysis is one aspect of the overall analysis but we also need to remain focused on the social side of it. We noticed that a lot of the super bullish influencers on CT had turned bearish yesterday and they were expecting a decline down to $8.5k and lower levels. Most of these Twitter accounts are really good indicators in themselves which is why I think we need to use them often.
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As many cryptocurrency traders and market-watchers know from their market analysis, cryptocurrencies exhibit very technical trading patterns, similar to other asset classes including foreign exchange (forex) and equities (shares and stocks), just to name a couple. Charts are therefore the most important trading tool that traders incorporate into their risk management strategies – when and at what prices to buy and sell cryptocurrencies.
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Crypto Daily, one of the world's only free-to-publish crypto news sites and media networks. Let us guide you through the ever-changing world of cryptocurrency.
We are a group of enthusiasts that love to talk about Crypto Currency. We are based in the UK and we want to offer help, advice and the latest Crypto Currency News. We have learnt from our mistakes and want to share some of the pitfalls and hopefully some insight into the exciting world of Crypto
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Please remember that this is not investment advice. Before you choose to invest, do your research and always remember to trade safe.
#Bitcoin #BTC #TechnicalAnalysis
-
Bitcoin: BTC Remains Strong Above $10k (February 2020)
Bitcoin has made an impressive move past $10k. Yesterday when we were talking about how BTC/USD had room to rally further the price was trading in the $9.6k zone but most indicators were lining up to suggest that it was likely to happen. Technical analysis is one aspect of the overall analysis but we also need to remain focused on the social side of it. We noticed that a lot of the super bullish influencers on CT had turned bearish yesterday and they were expecting a decline down to $8.5k and lower levels. Most of these Twitter accounts are really good indicators in themselves which is why I think we need to use them often.
-
Read the featured article here:
-
Today's video was created using Crypto Daily Charts.
These charts can be accessed by visiting https://charts.cryptodaily.net/ and they're FREE to use.
As many cryptocurrency traders and market-watchers know from their market analysis, cryptocurrencies exhibit very technical trading patterns, similar to other asset classes including foreign exchange (forex) and equities (shares and stocks), just to name a couple. Charts are therefore the most important trading tool that traders incorporate into their risk management strategies – when and at what prices to buy and sell cryptocurrencies.
Try out our FREE Charts here - https://charts.cryptodaily.net/
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Take a look at our shop here: https://cryptodaily.co.uk/shop/#!/
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Subscribe, Like, Follow, and Comment to all our Channels below:
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Instagram: https://www.instagram.com/cryptodaily...
Soundcloud: https://soundcloud.com/cryptodaily
-
Who we are?
Crypto Daily, one of the world's only free-to-publish crypto news sites and media networks. Let us guide you through the ever-changing world of cryptocurrency.
We are a group of enthusiasts that love to talk about Crypto Currency. We are based in the UK and we want to offer help, advice and the latest Crypto Currency News. We have learnt from our mistakes and want to share some of the pitfalls and hopefully some insight into the exciting world of Crypto
-
Check out some Important Links Below:
Breaking News: https://cryptodaily.co.uk/category/br...
Live Token Sales & ICOs: https://cryptodaily.co.uk/live-token...-
Coins: https://cryptodaily.co.uk/coins/
Writers Submit Your News Here: https://cryptodaily.co.uk/writers-sub...
-
Checkout our Created Playlists:
Crypto Daily - Crypto News: https://www.youtube.com/playlist?list...
Bitcoin: https://www.youtube.com/playlist?list...
Ripple XRP: https://www.youtube.com/playlist?list...
Stellar XLM: https://www.youtube.com/playlist?list...
IOTA: https://www.youtube.com/playlist?list...
-
Please remember that this is not investment advice. Before you choose to invest, do your research and always remember to trade safe.
#Bitcoin #BTC #TechnicalAnalysis
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