Login to your account

Username *
Password *
Remember Me

Create an account

Fields marked with an asterisk (*) are required.
Name *
Username *
Password *
Verify password *
Email *
Verify email *
Captcha *
Reload Captcha

Big dip in Bitcoin, thankfully

Written by  Guest Contributor: Anthony Marks - Crypto Trader May 10, 2020

As mentioned in my previous diary entries the price was artificially high.

This week the price breached 9500 then 9700 resistance levels even just over 10000.

I always felt the prices were unrealistic and not supported by historical data and technical indicators.


Image courtesy of TradingView

The price took a big dip during the night, I had set a buy at 8150 days ago not really expecting the price to go that low until after the halving peak, I'm back in.

Advertisement

But that's the joy of crypto trading you never know, it only blipped down very briefly but I now have an open trade again.

Now I can feel the anticipation of the halving and feel confident I will at least make some money, be it for the short term or the medium term.

It is really tough to know what happens next with such big price changes, but I am looking forward to finding out.

crypto_mixed_coinsAlso see: Tips To Trade The Volatile Crypto Market

Do you find this article useful? Comment below...

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

Follow Us

Advertisement

Popular Diary Entries

May 10, 2020

Big dip in Bitcoin, thankfully

As mentioned in my previous diary entries the price was artificially high.

May 12, 2020

The Bitcoin halving what happened: Nothing much

What a disappointment that was.

May 24, 2020

Bitcoin is losing ground this weekend

What was expected to be a good weekend for Cryptos and in this case Bitcoin hasn't turned out that way. ...

Jun 10, 2020

Bitcoin $10000 mark is getting very close

Bitcoin has been steadily rising for days now and is certainly holding its own.

May 28, 2020

Bitcoin near $9500 will it reach £9700 soon

Bitcoin keeps heading up as the bulls are taking control?

Jun 22, 2020

Bitcoin price is set to go lower but going up

Analysts and consistently predicting a price vrash for Bitcoin.

Jun 17, 2020

Bitcoin price looking to dip

I've been looking at expected movement in Bitcoin and a big dip down seems to be the popular opinion. ...

Jun 24, 2020

Bitcoin finally reacts

Bitcoin has been expected to dip in value for days now.

Jun 05, 2020

Bitcoin is around $9700, but not for long

In the hope of not having to repeat myself, I'm repeating myself!

May 13, 2020

Bitcoin price is steadily rising despite dull halving

The halving meant no matter how miners feel about it, the reward (revenue) they get per block is now chopped in half.  ...

Apr 29, 2020

Bitcoin is now over 8000 and still showing positive signs

The bitcoin price has now reached over 8000 and still rising with a rising RSI. ...

May 07, 2020

Bitcoin testing $9,300 level but is it the end of its run for now?

The Bitcoin price has broken out from a short-term descending resistance line but still has yet to move above its 30th A...

Calendar

« July 2020 »
Mon Tue Wed Thu Fri Sat Sun
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31