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CryptoCleric
Jun 5, 2018 8:12 PM

Broke back to Support with NEW SUPPORTS Long

Bitcoin / DollarBitfinex

Description

Green line is a flat trend line from last year giving strong rising support. Dark blue was our strong reversal that broke down when 2 swing supports crossed over the green trend line. Price fell to supports with lots of action at the light blue short-term swing arch. Expect the light blue line to show strong support as we run back up to higher numbers.

Comment

Just broke down to purple arched trend line. This line was drawn off the first break in the bull run in December 2017, curving down to reversal and terminates way out in the future.

Comment

Came back up and broke down under purple on the 7th
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