bizmummy
2021-05-24
Volatility continues
The Cryptocurrency Plunge Continues, What's Ahead?
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Let's look at price support levels for Bitcoin and Dogeco","content":"<p>In the past week cryptos have taken a hit. Let's look at price support levels for Bitcoin and Dogecoin.</p><p><img src=\"https://static.tigerbbs.com/cf39af67e14c8370a1a9b4f817f1c554\" tg-width=\"700\" tg-height=\"489\" referrerpolicy=\"no-referrer\"><b>For Entertainment Only</b></p><p>In the past 7 days Internet Computer is down 56%, Polkadot 50%, Biance 48%, Ethereum 42%, Dogecoin 39%.</p><p>I confess, I never heard of Polkadot or Internet Computer.</p><p>It is only the spectacular action in Dogecoin that got me looking. I watch for entertainment only.</p><p><b>Bitcoin Price Support Levels</b></p><p><img src=\"https://static.tigerbbs.com/722f53db18e8a9b8e3321209c643f5f8\" tg-width=\"700\" tg-height=\"448\" referrerpolicy=\"no-referrer\">For those inclined to buy for technical reasons, Bitcoin has support at the $30,000 level. There is also support at the $17,000 level and very strong support at the $11,000 level.</p><p>In addition, Bitcoin has minor support levels between $17,000 and $30,000.</p><p><b>Dogecoin Price Support Levels</b></p><p><img src=\"https://static.tigerbbs.com/261ee8728e852797f6a52c4fa79b35f0\" tg-width=\"700\" tg-height=\"440\" referrerpolicy=\"no-referrer\">Dogecoin has tiny technical support at $0.30 and more support at $0.24. Strong support for Dogecoin is down at a nickel.</p><p><b>What's Ahead?</b></p><p>I don't know and no one else does either.</p><p>One could have made more in Dogecoin or Polkadot this year than Bitcoin.</p><p>Whether that remains true in another month for those HODLing all year is another matter.</p><p><b>Fundamentally Speaking</b></p><p>Bitcoin was the first mover and has institutional support.</p><p>Dogecoin has Elon's mouth.</p><p>Regarding institutional support, Enron, JDSU, and Worldcom had that at one time too.</p><p>Will any of them survive? I don't know, but Bitcoin is far more likely to survive than any of the rest of them.</p><p>I have my doubts Dodgecoin will be worth more than a nickel by the end of the year. A nickel by next week would not surprise me in the least.</p><p>Thus, I would far rather bet on Bitcoin than Dogecoin.</p><p>Take all of that for what it's worth: Perhaps Nothing.</p><p>I am watching in amusement from the sidelines, but I can read a chart. Dogecoin looks ominous.</p>","source":"lsy1620736834627","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Cryptocurrency Plunge Continues, What's Ahead?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Cryptocurrency Plunge Continues, What's Ahead?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-24 10:38 GMT+8 <a href=https://mishtalk.com/economics/the-cryptocurrency-plunge-continues-whats-ahead><strong>Mish Talk</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In the past week cryptos have taken a hit. Let's look at price support levels for Bitcoin and Dogecoin.For Entertainment OnlyIn the past 7 days Internet Computer is down 56%, Polkadot 50%, Biance 48%,...</p>\n\n<a href=\"https://mishtalk.com/economics/the-cryptocurrency-plunge-continues-whats-ahead\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://mishtalk.com/economics/the-cryptocurrency-plunge-continues-whats-ahead","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122516428","content_text":"In the past week cryptos have taken a hit. Let's look at price support levels for Bitcoin and Dogecoin.For Entertainment OnlyIn the past 7 days Internet Computer is down 56%, Polkadot 50%, Biance 48%, Ethereum 42%, Dogecoin 39%.I confess, I never heard of Polkadot or Internet Computer.It is only the spectacular action in Dogecoin that got me looking. I watch for entertainment only.Bitcoin Price Support LevelsFor those inclined to buy for technical reasons, Bitcoin has support at the $30,000 level. There is also support at the $17,000 level and very strong support at the $11,000 level.In addition, Bitcoin has minor support levels between $17,000 and $30,000.Dogecoin Price Support LevelsDogecoin has tiny technical support at $0.30 and more support at $0.24. Strong support for Dogecoin is down at a nickel.What's Ahead?I don't know and no one else does either.One could have made more in Dogecoin or Polkadot this year than Bitcoin.Whether that remains true in another month for those HODLing all year is another matter.Fundamentally SpeakingBitcoin was the first mover and has institutional support.Dogecoin has Elon's mouth.Regarding institutional support, Enron, JDSU, and Worldcom had that at one time too.Will any of them survive? I don't know, but Bitcoin is far more likely to survive than any of the rest of them.I have my doubts Dodgecoin will be worth more than a nickel by the end of the year. A nickel by next week would not surprise me in the least.Thus, I would far rather bet on Bitcoin than Dogecoin.Take all of that for what it's worth: Perhaps Nothing.I am watching in amusement from the sidelines, but I can read a chart. Dogecoin looks ominous.","news_type":1},"isVote":1,"tweetType":1,"viewCount":23,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":19,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/131972773"}
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