ArtsTrading

BTC Resistances and Supports

ArtsTrading Updated   
BITFINEX:BTCUSD   Bitcoin
BTC has been having a rough time with the China news. However it is still holding above $4,000 which I personally find it being an important bullish support level. I would watch carefully for breaking out of the down trend as well as the two stacked resistances for a confirmation reversal. Breaking the $4,000 I see it coming down to $3,500 as next hard support.
Comment:
Broke first down trend, next one is at $4,600
Comment:
Couldn't get passed the double resistance, new support formed at 4150
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.