February 6th, Bitcoin Bloodbath And DeepOnion Resistance

in #crypto7 years ago (edited)

As we have already seen 2017 was quite the year for cryptocurrencies and it ended very high for all crypto currencies, January 2018 beginning was a great month as the market cap of crypto hit above 800 billion, but unfortunately FUD and regulations ,banning of bitcoin led to the bloodbath we are witnessing at the end of January and beginning of February.
all crypto currencies suffered from this attack on the crypto market, even stock markets got affected by these movements.

The market loss has created new opportunities for the new investors to get into the market , as bitcoin price hasn't reached 6,000 USD for the last 3 months, and it hit that price yesterday, as for expectations , when it comes to bitcoin and crypto expectations and assumptions are only matter of opinion even if they are based on facts it's rarely that what will decide what happens next otherwise it will be easy to regulate, thus as crypto went down to 300 billion, we can safely assume it is a good time to enter the market with a price 3 times less than the price you would have entered into the market in a month ago.

FEB5.jpg
This picture is from february 5th , we can see that the support line stands on 6,000 USD,

means it might be the lowest point bitcoin will reach before it will change and start pumping up again, thus the perfect entry point to the bitcoin market if support is not broken, if it is broken you can cut loss immediately.

Now going to deeponion and why it's resisting the bloodbath we are seeing, DeepOnion is a 100% anonymous crypto currency which is running on the TOR network, means it hides your real identity and user ip, thus keeping your info unknown to the people that are tracking the transactions, and as a privacy coin it caught the eye of the people and users as that is an important rule in the internet , most users try to keep their identity in secret and in the shadows just out of their own freedom to be private and not share information with others, DeepOnion has succeeded in catching attention the last couple of months raising it's value x10 times from 2$ to 20$, then back now to 4-5$ in these bloody days, but here is the thing you should notice, that even tho value dropped significally, its value compared to btc is that of when it was the beginning of 2018 year even more.

dee.png

You can see that the value its standing on in the bloodbath of crypto is more that of when the year begun, also that compared to bitcoin value it's holding it's own and even the price is standing same point as the last price before the biggest pump that DeepOnion witnessed.

So we can come to a conclusion that DeepOnion support line which is hard to break standing on 45,000 satoshi, which is perfect entry point for DeepOnion now, there might be a bounce back up soon , YOU NEVER CAN TELL - Chuck Berry. :)