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davelunlun

BTC: Crictical Point to Watch.

Bitcoin (BITFINEX:BTCUSD)  
davelunlun Updated   
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Wave Analysis
2
0
trendanalysis chartpattern waveanalysis
If the BTC price drop below MA 500 (approximately 6,020 usd/btc) for 1 day chart, BTC will be going into Despair stage, this is the stage whereby we should accumulate BTC (ladder buy) as much as we can. Great opportunity!!!
Comment:
MA 500 support pretty strong, haven't show any significant volume decisively confirm the recent breakdown yet. Another Critical Point to look for probably in the early of July, where the crossing point in between Strong Resistant (EMA 20) and Strong Support (MA 500).
Comment:
MA 500 Support defending strongly...
Ready for laddering your buy zone....once broke decisively... Good Luck.
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