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eag09
Oct 5, 2017 5:40 PM

BTCUSD - BTC holding above $4300 as bull/bear battle continues Long

Bitcoin / United States DollarCoinbase

Description

The short-term consolidation that took place over the prior couple days appears to be slowly fading away as the $4150 support level held overnight. The ongoing post-crash advance, albeit slow and without fierce momentum at the moment, appears to be continuing. Crucial resistance still ahead as we aim for the $4400 level yet again, more resistance is found near $4600-4650. With that said, a rally towards the previous all time high near or below $5000 seems to be gaining in probabilities. Below current level ($4305), support is found at $4150, $4000, and $3800. Shall we brace for more bumps in the road, or will clearer Buy signals emerge as we near the $4600 level? Feel free to share your thoughts down below.

Comment

$4600 resistance in battle as we head into monday

Stop Loss: $4550
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