TradingSig

Bitcoin (BTC/USD) Daily Chart Analysis 10/4

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Implications and Outlook
Bitcoin has pulled apart of Mean Resistance $6750 and it is bouncing of Mean Support $6442. This demonstrates that the sellers hold the upper hand in the interim-term. However, in the event the bulls find a way to scale the bid back above the Mean Resistance $6750, it will certainly indicate the demand for higher price levels.

The more the price remains to be higher than Mean Support $6442, the greater are the odds of a retest of the crucial Mean Resistance $6750 and push the pair to Coin Rally $7290, which in turn will trigger a firm $7360 Key Resistance as well.

Should the bearish momentum penetrate Mean Support $6442 in the interim; it would be a negative sign from a technical as well as fundamental perspective with downside targets of Key Support $6134 and beyond.
What is the difference between Mean Support and Key Support? Also, any thoughts on ZB Futures? (Treasury Bond futures)
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TradingSig StrategicTrading
@StrategicTrading,
Key Support/Resistance = high degree of intensity, more significant.
Mean Support/Resistance = mild degree of intensity, less more significant.

XXX Dip = downside outcome / destination
XXX Rally= upside outcome/destination

Looking at T-Bond Futures Dec 2018 (ZB) I see the following:
1. Key Resistance @ 140'22
2. Bond Dip @ 135'24

Not much else to get excited about, hope this helps.
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@TradingSig, Thank you!
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