• Matt

Bitcoin is on fire! Not in a good way..

Yeah Bitcoin and crypto in general has been hit hard over the past week with another hit today, but is it the time to buy?

Let's go to the chart!

Cryptocurrency is unique because of the consistent volatility and i believe will have a major role in the future of money transfer especially e-commerce, but from a technical analysis is it the time to buy, sell, or hold?

bitcoin chart analysis
bitcoin november 19 2018

Well when you look at the chart you see nothing but a bear flag, so IMO NO stay away or average down if you can, IMO this will continue to drop until it develops a strong bottom for support.

If bitcoin decides to drop into the low 5 or even 4 range you can bet i will be a buy but fro now with the panic selling that's taking place i will keep my money elsewhere.

Let me know what you guys think, but with the chart i designed Bitcoin is not looking good for now, follow me on stocktwits for more updates!

________________________________________________________________________ Check out my post on if you should buy amazon $AMZN or Daytrade it? https://www.investyourheartout.com/blog/buy-amazon-or-daytrade-amzn ________________________________________________________________________ Use this link to get a free share for you and I and if you have any questions at all feel free to contact me! http://share.robinhood.com/matth11 My favorite charting website! tradingview.com My favorite stock screener! Finviz.com You can also sign up for my newsletter and be one of the first to be informed on stock market tips and tricks as well as how-to's! https://www.investyourheartout.com/

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