Short Term Update – Bitcoin Trading Ideas, Analysis

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BTC — Bitcoin, the first cryptocurrency, it was supposed to be digital cash, it’s now seen like digital gold since it’s the first, it’s still accepted for payment in some websites, stores ... Each Satoshi represents a hundred millionth part of Bitcoin which means that 100,000,000 Santoshi = 1 BTC. Additional Bitcoins are generated by a process known as mining. Bitcoins are mined by professional miners solving complex computational equations. For each Bitcoin mined, the miners are rewarded with either more coins or transaction fees. Bitcoin isnt a stock and is mostly owned by early adopters that want to make money using trading and they only know how to “pump and dump” . this beaivour make ppl afraid of buying it at those prices and this what got it into the bearish trend we are seeing. ... Enky is 266+ and increasing network difficulty. ... the Bitcoin protocol can ... Here's a 60 min chart of the last 7 days, after an initial breakout of the short term VWAP notice that it stopped and found perfect resistance at the first positive deviation line of the volume average. Now it is very important to stay above the first negative deviation line at $480; any weakness below this… The monthly Kama average support price levels should remain valid for several months to come, I do not expect the monthly average (slope) to turn bullish or bearish in the short-medium term. I expect this market to remain sideways for several months. Above the Kama average at $7000 bitcoin would return to a strong position. Resistance for this year from $14,000 to $23,000 (price range similar ...

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Inside a Bitcoin mine that earns $70K a day - YouTube

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