unbound
Short

All support levels of Bitcoin for when the correction kicks in

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Market is hesitating to push the Bitcoin price higher as bulls strength gets weaker and correction should soon be expected. Price seems to be in a rising wedge and getting close to the its end. Here you see multiple support levels for potential bounces during upcoming correction.
If everyone wants to act like bitcoin is a normal stock that follows normal rules, then why is every chart showing the nearest support at 5k. If you woke up tomorrow and saw amazon drop to 6k per share everyone would think the stock market is crashing. 8k seems to be holding as a good support and 8100 is starting to build support. This may sit in this range for a while but if your waiting for it to go to 5k goodluck lol.
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Tomtom489 Tomtom489
@Tomtom489, 600* per share
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unbound Tomtom489
@Tomtom489, didn't it drop to 5k from current level about 10 days ago?
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Tomtom489 unbound
@unbound, that was news based not technical based. News came out made it drop. Didn’t last long as you can see.
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unbound Tomtom489
@Tomtom489, so if you don't count non-technical factors, how do you justify BTC not correcting? based on TA I suppose.
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btw, I'm working on a Telegram bot for crypto traders. Feel free to try it out: @coinographbot and @coinograph_signals
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@unbound, That is great! I was actually looking for a tool so I can set some custom alarms on RSI and SMA/EMA crossovers! Very handy bot! +1 for @coinographbot .
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hosseinkazemi hosseinkazemi
@hosseinkazemi, btw here is the link: Maybe its easier for everyone else to find the group: https://t.me/joinchat/BuWqiBLgePmLRzNt3tEG0Q . Bot address can be seen in the description of this group as well. I have some feedback which I will send you through the bot. Keep up the good work!
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hosseinkazemi hosseinkazemi
@hosseinkazemi, https://t.me/coinograph_signals for getting alerts and the link above for discussions.
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