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Felix000
Mar 30, 2018 11:57 PM

Move through $7,326.6 would strenthen Bitcoin low at $6,533? 

Bitcoin / DollarBitfinex

Description

As reported in an earlier post using the 4 hour chart there is a Williams Fractal pattern on 4 hr chart which occurred at February's low which may suggest Bitcoin may have found good enough support at $6,533. I've added some Fib levels as alerts in 2 hr to make it easier to compare with same in 4 hr chart.

Comment

Then again, I guess when comparing lows on the 4 hour chart with February's I guess one has to take into account that if looking at the 4 hour chart the price did not move sideways by much until it headed up from lows in February, then maybe the longer the market moves sideways now the greater the chance of another leg down instead.

Comment

#Bitcoin broke $6,533 no point thinking the market could go up unless it breaks $6,927 just forget it #btc_usd #btcusd #bitcoin #crypto
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