Bitstamp: chance to re-enter rally in 2600-2500 area Long

Bitcoin / U.S. dollarBitstamp

Description

⋅ Jul 21, 2017 3:45 AM

Below 2500 bounce price targets to 2750 _zone.

⋅ Jul 23, 2017 8:28 AM

Next strong support - in 2550 area:

⋅ Jul 25, 2017 5:33 PM

The best time to kickback has passed, now the support zone has shifted.
Probably after the bounce, we'll see another move down.

⋅ Jul 26, 2017 2:39 PM

Support in 2450 area is really strong - looks like the price is going to rise

⋅ Jul 27, 2017 5:15 AM

To rise further, price must go beyond the 2612 resistance:

Comments

KTAS

⋅ Jul 25, 2017 5:35 PM

You believe the bottom is in for now and we are due for a bounce from 25xx ?

Like2Move

⋅ Jul 25, 2017 6:30 PM

@KTAS, I'm not sure we are already in the bottom. But the bounce from 25xx still lets us expect new highs.

nafnar

⋅ Jul 21, 2017 9:45 AM

Nice analysis. Pretty accurate so far :) Which point do you think we should enter next?

Like2Move

⋅ Jul 21, 2017 2:23 PM

@nafnar, market will tell to us.

nafnar

⋅ Jul 21, 2017 2:31 PM

@Like2Move, I think if 2600 support is solid, it could be a good entry. What do you think? It could even perhaps rally hard altogether.

Like2Move

⋅ Jul 21, 2017 2:49 PM

@nafnar, It's hard to say when the market became more sensitive to news. There may be unexpected jumps.