Bitcoin Slams Off Support After Cascading Lower But Is That The Low? by scaredycatguide

View this thread on steempeak.com
· @scaredycatguide ·
$4.04
Bitcoin Slams Off Support After Cascading Lower But Is That The Low?
We got a sick reversal in bitcoin yesterday as price spiked through the 4,200 level support only to bounce up to 5,600.

Only thing is that move doesn't really give us answers.   Did buyers step in at 4,200 and say that's enough.  Did sellers just run out of steam?

## Next Few Days Are Important

![](https://cdn.steemitimages.com/DQmRMappJRhUfbb4d8oM7eQTPhYcFarryd5m3xhff2WqufV/image.png)

With the U.S. stock market rallying a ton today crypto also got a bounce.  Here's the thing though - stock markets are closed for the weekend so that "good vibe" that crept into the markets late day with the U.S. government announcing their aid can't get squashed right away.

The question is - is that why crypto bounced to?  If so I'm happy to ride a couple days of "good vibes" in the crypto market.

Regardless of that actually being an affect.  I thing price needs to stay above 4,800 on a closing basis the next several days to confidently say 4,200 is atleast a bottom in the short-term.   Any large sell off takes us back to the 2019 lows.

So it's pretty important we hold 4 and change!

Posted via <a href="https://steemleo.com/">Steemleo</a>
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 85 others
👎  ,
properties (23)
post_id85,175,217
authorscaredycatguide
permlinkbitcoin-slams-off-support-after-cascading-lower-but-is-that-the-low
categoryhive-167922
json_metadata{"tags":["steemleo","palnet","money","cryptocurrency","bitcoin"],"image":["https:\/\/cdn.steemitimages.com\/DQmRMappJRhUfbb4d8oM7eQTPhYcFarryd5m3xhff2WqufV\/image.png"],"app":"steemleo\/0.1","format":"markdown","canonical_url":"https:\/\/www.steemleo.com\/@scaredycatguide\/bitcoin-slams-off-support-after-cascading-lower-but-is-that-the-low"}
created2020-03-14 01:24:57
last_update2020-03-14 01:24:57
depth0
children3
net_rshares17,718,290,935,659
last_payout2020-03-21 01:24:57
cashout_time1969-12-31 23:59:59
total_payout_value2.370 SBD
curator_payout_value1.671 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length1,145
author_reputation226,754,312,587,080
root_title"Bitcoin Slams Off Support After Cascading Lower But Is That The Low?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (151)
@chireerocks ·
@scaredycatguide, In my opinion if that's the case then we are pursuing new **Pattern Of Behaviour** and that is **Cryptocurrency Space** is correlating with the **Stock Market Trends**. Stay blessed.

Posted using [Partiko Android](https://partiko.app/referral/chireerocks)
properties (22)
post_id85,201,433
authorchireerocks
permlinkchireerocks-re-scaredycatguide-bitcoin-slams-off-support-after-cascading-lower-but-is-that-the-low-20200315t063107005z
categoryhive-167922
json_metadata{"app":"partiko","client":"android"}
created2020-03-15 06:31:06
last_update2020-03-15 06:31:06
depth1
children2
net_rshares0
last_payout2020-03-22 06:31:06
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length274
author_reputation176,468,285,661,949
root_title"Bitcoin Slams Off Support After Cascading Lower But Is That The Low?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@scaredycatguide ·
At the moment it seems that way, prefer it wasn't.
properties (22)
post_id85,217,475
authorscaredycatguide
permlinkq796e5
categoryhive-167922
json_metadata{"app":"steemit\/0.2"}
created2020-03-15 21:01:27
last_update2020-03-15 21:01:27
depth2
children1
net_rshares0
last_payout2020-03-22 21:01:27
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length50
author_reputation226,754,312,587,080
root_title"Bitcoin Slams Off Support After Cascading Lower But Is That The Low?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@chireerocks ·
Yes.
properties (22)
post_id85,315,796
authorchireerocks
permlinkre-scaredycatguide-2020320t04016703z
categoryhive-167922
json_metadata{"tags":["esteem"],"app":"esteem\/2.0.0-mobile","format":"markdown+html","community":"esteem.app"}
created2020-03-19 19:10:18
last_update2020-03-19 19:10:18
depth3
children0
net_rshares0
last_payout2020-03-26 19:10:18
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length4
author_reputation176,468,285,661,949
root_title"Bitcoin Slams Off Support After Cascading Lower But Is That The Low?"
beneficiaries
0.
accountesteemapp
weight1,000
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000