4h Chart:
Would be nice to make former resistance support. Keep an eye out for weakness here, *if the price slows down at this level ($3650 at the time of writing) and then closes below $3600, there is good prospects for a nice down move before more up.
Would be nice to make former resistance support. Keep an eye out for weakness here, *if the price slows down at this level ($3650 at the time of writing) and then closes below $3600, there is good prospects for a nice down move before more up.
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As I said, keep an eye out for weakness. Price continued on up, but sellers stepped in the 39xx's. No telling how high this can go, but it will be interesting to see if we get a reversal candle on the daily. And then new lows. But until you see that you do not have confirmation.
Comment:
Bitcoin looking unstoppable : ) Daily chart is overextended so could see a pull back but the weekly looks bullish as can be. So when that pull back does come on the daily it will probably more shallow, some sort of a bull flag or pennant before going higher, $3000 now very unlikely tbh. Spartans hodl
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Daily chart showing weakness, could be going as low as $34xx (the .38 fib)
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Also, the segwit2x fork and deceptive behavior is not good news.
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Went down as expected but not as low as I thought and its starting to look like thats all the down we will get with segwit activation on the way. Seems the next leg up is about to begin:
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sorry wrong chart link lol (did not mean to post xmr chart), here is the bitcoin chart:
