A confluence of supports in the 5000 area

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Different analysis tools find support zones at 5000 ... 4700. They are marked with an ellipse.
The pessimistic scenario for this stage is the bottom at the 4000.
Comment: Similar bottom on EURUSD. Very similar :)
Comment: Signs of direction change:


yes but I chart with an index and it show this
cycler cycler
@cycler, its a good scalp zone here, but I was out at the bottom and I'm not about to take that risk.
I have been practicing your technique, and it has been great!!! I have the same, longs in 4500-5000 area. I'm glad I asked you that time.
+1 Reply
@cycler, I enjoy your success.
Moving down is hard to predict, the bottom can be higher, the market is being manipulated.
You are among the best forecasters of Bitcoin. Let's see what will gonna happen.
Like2Move asdfghghj
@asdfghghj, thanks, mate.
mareksade asdfghghj
@asdfghghj, I agree
Like2Move mareksade
@mareksade, thanks.
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