BTC - 24 September 2019 - Really Risky Levels Before Breakout
Hello everyone
Litecoin has been showing us the way for the last couple of months. You can check that litecoin moves before bitcoin does.
62.2 USD was a really important level for litecoin. Breaking below that level will invalidate the impulsive move and show us that more down movement is waiting for us.
Even though bitcoin shows strength and did not move below its previous low - 9359 level - litecoin signals that there is a strong chance.
Hitting those levels for bitcoin is crucial. It means that 9400 levels are tested for the 3rd time which will confirm the descending triangle and the possible breakout to be downwards to 7-8k levels.
However if we preserve this level at bitcoin and do not fall we can describe the triangle as symmetrical and will have the 50% to go up...
Watching the market carefully.
Litecoin has been showing us the way for the last couple of months. You can check that litecoin moves before bitcoin does.
62.2 USD was a really important level for litecoin. Breaking below that level will invalidate the impulsive move and show us that more down movement is waiting for us.
Even though bitcoin shows strength and did not move below its previous low - 9359 level - litecoin signals that there is a strong chance.
Hitting those levels for bitcoin is crucial. It means that 9400 levels are tested for the 3rd time which will confirm the descending triangle and the possible breakout to be downwards to 7-8k levels.
However if we preserve this level at bitcoin and do not fall we can describe the triangle as symmetrical and will have the 50% to go up...
Watching the market carefully.
Trade closed: target reached
be careful my friends