BTC - Poor support in the green area - can freefall after 6800

Bitcoin / United States DollarCoinbase

Opis

⋅ 2 gru 2019 05:41

There is almost no support in the green rectangular area and if BTC breaks 6800 it can move down
rapidly to the 5400 area.

Komentarz

⋅ 2 gru 2019 05:42

So BTC better stop at the 6800 area

Komentarz

⋅ 2 gru 2019 07:30

BTC has bounced off the FIB ring

Komentarz

⋅ 2 gru 2019 07:35

However in another day or so BTC is going to move to the next FIB ring. Once BTC enters this new FIB ring it should move lower to the 6896 area.

Trend Analysis

Komentarze

alimannn

⋅ 2 gru 2019 09:26

Triston27

⋅ 2 gru 2019 05:51

Golden cross on the weekly. 50MA is about to cross over the 100 MA.

mycotoxin

⋅ 2 gru 2019 06:08

@Triston27, Yes that should cross in the next few days , thats a good sign ..cheers ,

Triston27

⋅ 2 gru 2019 06:11

@mycotoxin it sure is, have a great night.

luissjp

⋅ 2 gru 2019 05:47

@mycotoxin what about if we look further to the left , in the past the 6400 6700 was a area we visit quite often.

mycotoxin

⋅ 2 gru 2019 05:52

@luissjp, yes could be , but if you look to the right of that there is that big move up in 2019. BTC moved up fast and created no support
so when BTC is coming down it may come down fast also at that area.

luissjp

⋅ 2 gru 2019 05:53

@mycotoxin, yes i remenber been so surprised when it did cross it like butter.so i could be surprise it again when it goes down equally.

mycotoxin

⋅ 2 gru 2019 05:57

@luissjp, but I think BTC will stop at 68xx and bounce if not at 71xx

mycotoxin

⋅ 2 gru 2019 05:56

@mycotoxin, from the current drops it looks like BTC moves down quickly in areas where there were large moves on the way up and no support was created.

luissjp

⋅ 2 gru 2019 06:15

@mycotoxin, I think we could be in a situation like this

Więcej