BTC: Better wait for the true low
Hi, fellow Steemians,
Just today, we have seen BTC to break the $6000 support to trade in $5900 range this morning. For #ETH, we have seen open support at $280 to be cut, and leg down to the lower $260 area.
It has been not a good day for BTC, as we have observed such a drop in price.
From the current outlook, I suspect that we will touch the $5200 area before moving up to the descending trendline above. It has been not a smooth ride for BTC recently, as bad news keeps coming out to drag the whole market.
Don't try to grab any altcoins, not worth it
If you check the market-cap, BTC has taken over 52% of the dominance, bringing such an issue to us. For this time, I suggest that you should not buy any altcoins, and should wait for the downtrend to show some correction first.
Good luck and be brave, my friends.
Me this week...
I agree. Alts are too risky. Dropping like a rock. We are likely to see a bear market until June 2019.
Why June 2019? What's happening then?
Bitcoin's bear cycle tends to last a little over a year and a half. That puts us at summer of 2019 from the peak in december.
I'm worried that the thought of $5300 and below is becoming increasing possible
Might touch that point, bro
I'm surprised to see VET so low. I feel at its current price, It would be insane not to stock up.
you should buy only when BTC reaches major support, like $5200
BTC bounced pretty well once it went under 6k but as you say I am also inclined to think it goes lower. I will however keep buying alts, while I can't get the bottom I think there are those with longevity that will bounce back eventually.
around 3k - 5.8k perhaps.. but who know the future is the price of btc might be
@coinbrew what are your thoughts on investing in masternodes now while we're in a bear market? The MN & POS rewards bulk up the currency investments and should provide a healthy reward when we hit a bull run, no?
Can be, but I only invest in the low-value ones, some big one like DASH or PIVX is not good anymore
I just want it to stay above 550.
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