ArtsTrading

BTC Resistances and Supports

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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

Comments

If you will watch closely, some whale trying to manipulate market. Placing order on top of resistance with 2000 bitcoins.
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ArtsTrading MiloszKaszynski
@MiloszKaszynski, Yeah BTC is heavily manipulated. Hopefully we get enough normal people buying BTC so people can't do stuff like this.
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mikenew ArtsTrading
@ArtsTrading, Manipulate or just taking profit?
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