bionicol

BITCOIN LEVELS BATTLE. TRADE ALTCOINS

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Easy thinking with bitcoin . There are two important rejections.

One around 4.4k and another one at 3.4k. 3.8k is the mid step and act a support and resistance .

A break above 3.8k will be an important bullish sign. A rejection is a neutral sign until 3.55k hold (-3.5% from now). After that there is still 3.4k (-7% from now).

The most logical think is now a retest of 3.55k and re-retest of 3.8k. A third rejection of 3.8k will be a strong warning sign.

As the possible gains on the altcoin pairs overcome actually the losses due to the bitcoin fluctuations i continue looking for trade opportunities on the altcoins pairs and I look sideways what bitcoin does.

BIO
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