ryanbs1975

just an opinion and a little history, short/mid bearish

BITFINEX:BTCUSD   Bitcoin
One of the best pieces of advice I have gotten in the terms of charting is always look left. Historical data is very relevant in charting as well as psychology. Range on this chart revisits back to October 2017. I have marked what I believe to be a very strong support zone, between 5400-5780 (purple box) If we look back to November 11, 12 2017 Note the two low of 5400 and 5780 respectively. This is where the run to 20000 began, and everyone made their millions. We have yet to test the 5400 mark but we have once hit the 5780, at least on bitfinex. I would not be suprised to see more downside from where we are now 6100, and historically and psychologically, I would not be shocked if we hit that 5400#, and am interested to see how significant that 5780 might be in the minds of investors

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