Bitcoin Breaks 10,000$ / Global Recovery Continues
The last time Bitcoin was over 10,000$ was on the first of February, two weeks later it is again over 10k ! This is something a lot of crypto enthusiasts have been waiting for and I believe for many these two weeks felt like 3 months. Overall today is another strong day for cryptocurrencies and global markets.
Global Markets
SPY is over 1% up and is approaching previous highs.
NASDAQ is over 1.6% up
AAPL is over 3.24% up
Emerging markets 1.75% up
The US Dollar continues to slide although the FED has confirmed it's aggressive stance on rate hikes. (which should be a good thing for USD)
As you can see S&P 500 has reclaimed every moving average after it bounced extremely aggressively off the 200 SMA (just like Bitcoin). Yesterday there was a bit of confusion after the inflation data came out, but that didn't stop the bulls in the end of the day.
Bitcoin
If you look at BTC's chart and S&P's chart for the last week they look pretty similar. Just like S&P 500, BTC has broken all the moving averages after it bounced very aggressively off the 200 SMA. What is even better is that it broke the descending trend line and it looks like confidence it Bitcoin is building up.
What's Next ?
- Ideally I would like to see some consolidation before we make a run for the 11,000$, that will give the bulls more strenght
- The next big resistance for Bitcoin is 10,600$ - 10,700$
- If we go down, support will be found at 8900-9000$
Conclusion
Overall it feels like things are goin back to normal, Bitcoin has broken above 10,000$ but at the moment it is below 10,000$ and we might see this many times before it brakes for real. Every time it is rejected, the bulls come back stronger until they finally break the barrier in a decisive manner.
The stock market looks very strong, I kind of didn't think that the recovery will be that fast... but what do I know !
I would be thrilled to know your view on the markets and your current investments and strategies. Thank you for reading !
You have been victim of a @GrumpyCat flag because you or someone else sent money to buy votes from an irresponsible non-GrumpyCompliant service.
@sneaky-ninja @pushup and @aksdwi are acting irresponsibly by selling votes to people on their post in the last hours before payout. = 99.99% abuse rate.
Sending money to these bots is also financially supporting for-profit spammers.
To know what voting bot to use, refer to https://steembottracker.com/ and use those that have 3.5 day or less in the "Max Age" column.
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Did you really flag a post that is 1 hours old ?! This doesn't make any sense ! Most likely I will stop using these bots as you have a good point, but Why would you use your downvote on a post that is written with a lot of consideration and is 1 hour long, upvoted for visibility ? Crazy....
The burden should not be not on us to evaluate all the content upvoted by inconsiderate vote sellers.
Scammy vote buyers don't care about a few flags as long as they turn a profit in the long run, they don't read the post I'm leaving and from what I see their job could be fully automated.
Sneaky Ninja does not fund spam or abuse in anyway and is in no way irresponsible. This cat is simply a theif, stealing your money as well as so many others. Not to mention raping the reward pool heavily in the process. This rule of his is not real. It is simply his way of covering up the massive reward pool rape he is conducting on our platform.
In fact, if you would like to see what steps Sneaky Ninja has taken to fight bid bot abuse see this post and this post. There is also much more being done behind the scenes right now.
@sneaky-ninja is a very responsible bot. This is simply slander to hide all of his ill gotten gains.
I really like how you reward yourself with 90$ for one liners and downvote posts (which are 1 hour old, original content). It really doesnt make a lot of sense. Well, I guess you have your reasons, unless you are downvoting just for the heck of it or auto-downvoting because someone is using a bot you don't like. Would be very happy to hear your point of view .
Thanks, I think they deserve at least that.
Who's making money?
Not allowing late vote buying increase stake of #3.
Thanks for removing the downvote, I won't use these services as you have a valid point :) I am wondering how did you end up with 300k Steem ?
Speculation
cool, would be glad if you can be a bit more specific. I am pretty interested
He means this
Yep, the market looks like it's recovering in a healthy but strong fashion. The dip quickly caused a lot of fear, but it looks like that's all long and forgotten in a week time where the numbers are in the green again. It's so crazy how quickly the momentum can swing... Let's hope for a slow and steady way to higher numbers :).
Yes, pretty difficult to trade these kind of movements. I would be glad if it gives us time to react and allocate resources :)
Still waiting on some heavy volume to confirm wave 3 has already started but looking great
We had heavy volume when it bounced from 6k level, since then it's kinda thin
Been bullish on bitcoin since 8k been buying lots time to ride out the run now though
Good job ! Hopefully you have good sized position :)
This is very true and interesting information to hear so we can expect the great forward moving of cryptocurrencies. upvoted and resteemed the great news
Thanks :)
True. I have been waiting for this moment for a while now.
Sneaky Ninja Attack! You have been defended with a 18.03% vote... I was summoned by @ervinneb! I have done their bidding and now I will vanish...Whoosh
Informative post.
You are innocently downvoted by @grumpycat on your fresh post.
We are resisting this.
Check this link,spread the word and join us if you would agree.
https://steemit.com/we-resist/@firedream/resistance-started
Discord : https://discord.gg/qMWCbWR
FD