Time to BUY Bitcoin low, leaning on the long therm support? Long

Bitcoin / U.S. dollarBitstamp

Description

⋅ Jun 26, 2017 10:10 AM

It seems like Bitcoin could go up from here as it just reached the support which is created since march 2017.

The blue line is the support from the breakout from 2015.

What do you think will happen?

Comment

⋅ Jun 26, 2017 10:29 AM

Sorry the Blue line got removed I guess. this line suppose to go from the bottom corner to 1160 on the Y-axis

Comments

TheTrex

⋅ Jun 26, 2017 10:26 AM

It will go down. 1880-2000 area

Bartdeking

⋅ Jun 26, 2017 10:41 AM

@TheTrex, Thanks for your comment. Why do you think it goes down to 1880-2000? and then up?
The reason I ask is because when bitcoin felt trough its long term support in all previous bubbles, it would fell down to the peak of the previous bubble which is around 1200.