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    [Daily Discussion] Friday, August 30, 2019 Bitcoin Markets

    August 30, 2019

    [Daily Discussion] Friday, August 30, 2019 Bitcoin Markets

    [Daily Discussion] Friday, August 30, 2019

    Posted: 29 Aug 2019 09:06 PM PDT

    Thread topics include, but are not limited to:

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    • Technical analysis, trading ideas & strategies
    • Quick questions that do not warrant a separate post

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    [Altcoin Discussion] Friday, August 30, 2019

    Posted: 29 Aug 2019 09:06 PM PDT

    Thread topics include, but are not limited to:

    • Discussion related to recent events
    • Technical analysis, trading ideas & strategies
    • General questions about altcoins

    Thread guidelines:

    • Be excellent to each other.
    • All regular rules for this subreddit apply, except for number 2. This, and only this, thread is exempt from the requirement that all discussion must relate to bitcoin trading.
    • This is for high quality discussion of altcoins. All shilling or obvious pumping/dumping behavior will result in an immediate one day ban. This is your only warning.
    • No discussion about specific ICOs. Established coins only.

    If you're not sure what kind of discussion belongs in this thread, here are some example posts. News, TA, and sentiment analysis are great, too.

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    Bitcoin Close to Big Breakdown Sub-$7,000

    Posted: 30 Aug 2019 04:34 AM PDT

    Hi, traders!

    Bitcoin is confirmed for sub-$7,000 breakout if moves below $9,000 on bearish momentum.

    At the end of June, Bitcoin might have been way overbought, and since then has been making a series of lower highs, telling us that the buyers were getting a little bit less enthusiastic.

    Now, the price is very close to a significant support level at $9,000, and the downside risk of breaking below $9,000 remains high. If the price declines below $9,000 per Bitcoin, it will be confirmed to go back down toward $7,000 or even lower.

    Interestingly, over the long term, I strongly believe that Bitcoin is a good 'buy' opportunity and remain bullish on Bitcoin . But, in the near term, the outlook seems to remain somewhat bearish for Bitcoin .

    You can find the full price analysis and an active trade signal here: https://www.tradingview.com/chart/BTCUSD/rhUklevY-BITCOIN-Close-to-Big-Breakdown-Sub-7-000/

    What do you think, guys? Can Bitcoin breakdown below $9,000?

    submitted by /u/Monfex
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