At Coin Inquire, we offer free price signal of ABBC Coin (ABBC) and other cryptocurrencies. Today July 16 we are beginning a new series of free signals for top cryptocurrencies including ABBC Coin (ABBC).
Bitcoin continues to range between resistance at a weekly order block near $13,000 and support near $10,000.
It’s debatable whether this is a distribution phase marking the end of the Q2 bull run before a more significant pullback, or whether this is a re-accumulation phase before another move upward.
The altcoin market cap has plunged approximately 45 billion dollars during July, making it a particularly risky time to to be bullish on altcoins in general.
Meanwhile, here is one altcoin with events during the next week that could provide short-term opportunities for traders during this period.
|ABBC Coin (ABBC)|
$0.244971 (5.63 %)
฿0.00002242 (-1.10 %)
$123 730 112
$82 065 004
After an intense bullish impulse in early May, ABBC slowly bled out for the remainder of quarter two.
This drop ended during June when price found a bottom inside a weekly orderblock. This level also provided the last low near 0.000017.
Since then, the price has set a higher low near 0.000019. It may also be forming an ascending triangle – a bullish pattern – under resistance from the daily order block around 0.000026. This pattern remains to be confirmed.
The launch of Buyaladdin, ABBC’s online shopping platform, this Tuesday as well as the upcoming BSB token airdrop entry may help price form a higher low, finalize the ascending triangle, and challenge the overlying resistance.
1- Do not invest in every ICO – most of them are a scam.
2- Crypto is a heavily manipulated commodity and the price can change at any moment.
3- The creation cost of a coin represents the “wholesale” price – It is always better to buy when the price is close to the creation cost.
4- Crypto has a natural cash flow that dictates the selling pressure. Like, 1800 bitcoins are mine each day so 1800 bitcoin must be bought at the current price (“means market needs new $18 millions of investment every day if the price is $10,000 to maintain the current price“).
5- Patience and timing are key to making a profit:
Buy, when the price is close to the creation cost.
Sell, when the price is way high off the creation cost.