mycotoxin

BTC can drop as low as 6514 and still recover

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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BTC can drop as low as 6514 and still recover
Dropping below 65xx is a problem
Why is it a problem if it drops below 65xx?
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mycotoxin mightytrader
@mightytrader, its heading to the 6300 area and possibly lower ..
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mightytrader mycotoxin
@mycotoxin, How can you prove this though? Whales can PUMP and dump however they please. Look at what they did a few hours ago: they pumped BTC & ETH and now they DUMP.
+1 Reply
mycotoxin mightytrader
@mightytrader because this is a bump and run and the run is only broken if its sinking
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mycotoxin mycotoxin
@mycotoxin, if it remains above the blue line ,,then it can still bump up further ..it if crosses the blue line down then the run is broken ...
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mycotoxin mycotoxin
@mycotoxin, this is a failed bump ( the 44 degree angle) and it has bounced off the "lead-in" trend line ,,,
 
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mycotoxin mycotoxin
@mycotoxin, the actual height should be around 71xx if it can complete the move ...
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liberator_D mightytrader
@mightytrader, there'll be a huge push down before moon
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