Is bitcoin trading bellow 6000$ level is threat???? bitcoin/usd price sliped down 5% due to heavy selling pressure of bears - by amusdnom

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bitcoin · @amusdnom · Aug 11 '18

$3.72

Is bitcoin trading bellow 6000$ level is threat???? bitcoin/usd price sliped down 5% due to heavy selling pressure of bears -

Bitcoin  comes under threat when Trading session on Friday it falls nearly 5% down from  recovery made in that particular day

BTC/USD  testing a very near and strong support near 6210- 6100 level, if this level violate it may come under further tremendous selling pressures!!!

![BITCOIN  11-08-2018.png](https://cdn.steemitimages.com/DQmbZDStkVLXweXM8Yqf1kRmNULLo8hn6QMrn6fnSBJYZKK/BITCOIN%20%2011-08-2018.png)


Nowdays bitcoin is under bear rules they are trapping with their   skill  ...  last session we see that on Thursday it hit high of  6633.21 level and ftom there it just slipped down nearly equal to 5%,   what a skill of bear wow!!!

since friday it is under bear grip....


 ![Bitcoin image --.PNG]
(https://cdn.steemitimages.com/DQmRCELQWSSfE5mXK643gT7zWMWkkJJBHXHrmXJzsyQ9DnL/Bitcoin%20image%20--.PNG)

After Friday session it is clearly seen that bears appearing to breach vital support.  The downsides  selling pressure intensified that it will remained sideways till  undefined period of time...


key support and resitance level has been derived  which is given as bellow...


KEY LEVELS
R3  7043.69
R2  6813.67
R1  6476.02
PP  6246.00
S1  5908.35
S2  5678.33
S3  5340.68

BTC/USD has suffered blow after blow since the back end of July- 2018,  in the past 13 - thirteen  trading sessions, Bitcoin has only somehow  managed to have two positive sessions out of these series..... The crypto market  which is considered as big financial market  remains heavily within a bearish trend nowadays.....

If we say something about Technically, momentum is very much to the downside, with a lack of indications to suggest that will be shifting anytime soon,  as there is no certainty that it will sustain; as ETF of  bitcoin has postponed SEC till  Sep -2018 . A key area that had been holding was tracking between $6200-6100, which is currently being broken down by market bears participants . Last but not the least ,  Next large level to be aware of is $5799, last traded here in the back end of June, catching the falling price before a bull run of the bitcoin giant of crypto market.


![bitcoin - 11-08-2018-1.JPG](https://cdn.steemitimages.com/DQmPnstkZKZUQTsLv2u52E5dC4PeEBa538NNb2i5wZLzz45/bitcoin%20-%2011-08-2018-1.JPG)





please don't forget to comments and share your valuable feedback  for bitcoin/usd analysis...

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@amusdnom

👍 rocky1, mshahabi, danoskie, a0000reblog, munia352, lamamoh, kwabeedat, steemitboard, salamsaloma, bindas, sukumar1, sumantakumar, abhay.singh, qryptosquinn, caxton, kwabena1995, giddensk7, eddymania, aaaaaa-aaaaaakay, christinebeauty, steemramos, dacosta, fayamba, hirushaperera, amusdnom, rucy, jazzyon, tissuesurgeon, stone1010, toroo, korkorjkk15, ikkelins, tikanurqaidah, cryptomythic, frimpz, cryptoladies, samcofy, sugarpie, mike949, rumayani, nanaboateng, aabhi, rosemary4u, kelvinikke, korkorjkk, sarahhhh, precioussteem, fredrick4u, lagabara, madhulikasingh, tutchpa, aaakosuahumble, jcmansah, hemanthsindhya, pankuvirat

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@abhay.singh · Aug 11 '18

It will recover soon and its best time to invest in alt

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@amusdnom · Aug 11 '18

may be @abhay.singh  

we hope it will recover from 5800 level!!!

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@abhay.singh · Aug 12 '18

Good going brother..keep it up

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@amusdnom · Aug 12 '18

Thanks brother!!!

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@bindas · Aug 11 '18

GIVE ME A BITCOIN......
CAN YOU?

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@amusdnom · Aug 11 '18

Hi @bindas

Yes please sent me your btc wallet address....☺️☺️☺️

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@bindas · Aug 11 '18

How to send?
Should I comment here?

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@bindas · Aug 11 '18

ARE YOU RESEARCHING ON IT.....?
GOOD EFFORT.....
CARRY ON

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@amusdnom · Aug 11 '18

Yes @bindas
We are researching as technical analyst....

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@bindas · Aug 11 '18

Keep it up

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1 reply

@bindas · Aug 11 '18

Wakt mile to hume vi shikha dijie....

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2 replies

@jasstaneja · Aug 11 '18

Good research👍👍

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@amusdnom · Aug 11 '18

Thanks  @jasstaneja 

I shall try to do it more efficiently...

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@amusdnom · Aug 11 '18

thanks @jasstaneja ji  

we will do more in future please keep in touch!!

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@bindas · Aug 11 '18

Really good

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@munia352 · Aug 11 '18

Your writing has been very beautiful .It is very proud to write the way you wrote it so complex.

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@amusdnom · Aug 11 '18

Oh thank you dear !!!

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@steemitboard · Aug 11 '18

Congratulations @amusdnom! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :

[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/votes.png)](http://steemitboard.com/@amusdnom) Award for the number of upvotes

<sub>_Click on the badge to view your Board of Honor._</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>


To support your work, I also upvoted your post!


> Do you like [SteemitBoard's project](https://steemit.com/@steemitboard)? Then **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!

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@amusdnom · Aug 11 '18

hey @steemitboard   long time since how are you... nice to meet you again..

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@bindas · Aug 11 '18

Keep sharing such innovative ideas

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@sumantakumar · Aug 11 '18

Thanks   @steemitboard!!!

please keep supporting me !!!

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@amusdnom · Aug 11 '18

yes brother!!!

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@sukumar1 · Aug 11 '18

Good work bro keep it up.....

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@sumantakumar · Aug 11 '18

Hey @sukumar1 thanks for commenting ....

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@amusdnom · Aug 12 '18

yes brother!!!!

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@sukumar1 · Aug 11 '18

Expecting more from you hope we'll be able to see on your next post

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@amusdnom · Aug 11 '18

yes sure...!!!

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@haikubot · Aug 11 '18

<em>Expecting more from 
You hope we'll be able to 
See on your next post 
</em>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>- sukumar1</sup>

---
<sup><sup><em>I'm a bot. I detect haiku.</em></sup></sup>

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@sumantakumar · Aug 11 '18

hi  @haikubot  


yes why not  I shall be there always...

properties (22)