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CatoOzz33
Dec 30, 2017 2:10 PM

BTC - Going Further Down ? - Short Term Projection Short

Bitcoin / DollarBitfinex

Description

This is an update to my previous BTC idea post. See the link below.

BTC has been having hard time to fully get into bullish mode. Seems like we formed a new downstream channel and will likely see more drop. There is a strong support at 10500 and 8500 level. It may take some time to drop to these levels. Be careful with your alt coin trades.

*** This is not a financial or investment advice. Trade at your own risk

Comment

Note that we are currently sailing in a highly dangerous zone - no trade zone. It is very dangerous to trade. Wait for the confirmations.

Comment

Current level (yellow box) seems to be a strong support, holding the price well so far.
Comments
snakeat3r
It is not wise to go short at support levels and long at resistance levels.
CatoOzz33
@snakeat3r, True that. We are currently sailing in a highly dangerous zone - no trade zone. It is very dangerous to trade.
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