Lingrid
Long

BTCUSD open "BUY" in the green zone

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Update. As previously predicted, the price goes down to the support line. This area is a good time for "BUY". Because from there I expect good growth.

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Comments

Do you think that it wil go back to the support line?
+1 Reply
RVN has BOTTOMED ----> Its MOON Time
+1 Reply
Lingrid CryptoCheck-
@CryptoCheck-, Good thinking!)))
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Lingrid Lingrid
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i see btcusd going even far down. to accunmulate liquidity around 7500 zone

+1 Reply
Lingrid ShinForex1
@ShinForex1, Well done!)
Reply
ShinForex1 Lingrid
@Lingrid, thanks.
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Lingrid ShinForex1
@ShinForex1, 😉
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I'd have to disagree with you but I respect your opinion.
Reasons why:

Bitcoin has been trapped within this downward channel for nearly a year now. As you can see, the price has reached the top of the channel.
On the 4h time frame there's also a double top pattern near the February 14th resistance level. Bitcoin has been in a downtrend for a year now and fighting against that is not a good idea.

Fundamentally speaking bitcoin is also useless and will never replace fiat currency. Fiat currency has value because of taxes and everyone that makes money has to pay taxes. You cannot pay your taxes using bitcoin and it has no real value.

+1 Reply
samsquantchtpb EnhancedTrading
@EnhancedTrading, It has value because we say it has value. The only true decentralized currency of any magnitude. If the people make a choice to invest and use it. The world will respond in kind. To me, BTC has far more value than any FIAT currency. True peer to peer cheap transactions with no intermediary and no Central authority to tamper with it. If you can't see the value in something like that than you're blind.
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