how popular is bitcoin in your country? in our country ,more and more people invest in Bitcoin now . Is there any good news about Bitcoin from your country?
https://www.aicoin.com/chart/31D70E6A
BTC:
BTC is hovering around $10,000, whether price bounces back or not will determine BTC will continue the uptrend or start a downside move with a major correction. The closing price from tonight to tomorrow morning is very important, if price remains above $10,500, we can hold on to our positions, if not, then reducing our positions is the best way to avoid risks. 5-Day MA strategy still applies to current situation.
BCH:
It’s normal for price to bounce back to $1,300 after breaking below $1,520 and price will find support at $1,300. But it seemed unnormal for BCH price to go against BTC price this time as the major adjustment lowered altcoins and major coins prices, indicating the change in funds and signs of retreat.
LTC, ETC & ETH:
Basically, all of them shared a same price action which was extremely weak after a slump in price with increased volumes. Moreover, they all broke below the support at 5-Day MA and showed no signs of fighting again the downtrend. ETC, however, seems to be the strongest and should be your priority when price bounces back. Reducing your positions should be your main strategy for now.
Altcoins:
Dash seemed the only one experiencing an increase in price among altcoins, price is under a pretty strong control and holds the possibility to go wild. 5-Day MA strategy is still recommended for further operations and stop-losing level must be strictly set.
Original by Kuang Ren, translated and posted by AICoin Jami.
There are many good news about cryptocurrency in my country. In my country, the government accept bitcoin as a money. The government also implemented many regulations in my country. I know that many more people in my country will use digital currencies. https://www.aicoin.com/chart/31D70E6A
BTC:
BTC is hovering around $10,000, whether price bounces back or not will determine BTC will continue the uptrend or start a downside move with a major correction. The closing price from tonight to tomorrow morning is very important, if price remains above $10,500, we can hold on to our positions, if not, then reducing our positions is the best way to avoid risks. 5-Day MA strategy still applies to current situation.
BCH:
It’s normal for price to bounce back to $1,300 after breaking below $1,520 and price will find support at $1,300. But it seemed unnormal for BCH price to go against BTC price this time as the major adjustment lowered altcoins and major coins prices, indicating the change in funds and signs of retreat.
LTC, ETC & ETH:
Basically, all of them shared a same price action which was extremely weak after a slump in price with increased volumes. Moreover, they all broke below the support at 5-Day MA and showed no signs of fighting again the downtrend. ETC, however, seems to be the strongest and should be your priority when price bounces back. Reducing your positions should be your main strategy for now.
Altcoins:
Dash seemed the only one experiencing an increase in price among altcoins, price is under a pretty strong control and holds the possibility to go wild. 5-Day MA strategy is still recommended for further operations and stop-losing level must be strictly set.
Original by Kuang Ren, translated and posted by AICoin Jami.
