filobrz

Bitcoin support and resistance (D)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
151 views
1
151 4
This trend analysis is NOT a suggestion for any type of investment. I'm just testing the platform.

2 possible scenarios:
Bullish: after the "uncertainty bubble" the bitcoin has not yet strongly broken the resistance and burst the bubble, so it will bounce over the support to the 1st resistance around 8.920 area.

Bearish (most probable): the bitcoin will burst the bubble under 7.800 and it will rush directly to 7.200 area and then it could hit the 2nd support around 6.820, lowest value since the 5th February.
Wasn't the lowest value on 5 Feb 5800; not 6800?
Reply
filobrz Number88
@Number88, yes but I’m not considering the outliers, I was trying to analyze the daily (D) candle graph. This is why it’s just a test.
Reply
Apocalypse is spelled with a "y".
Reply
filobrz nerophon
@nerophon, you are right, it’s a half-Italian word
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out