Bitcoin Close to buy Zone

Bitcoin / U.S. dollarBitstamp

Description

⋅ Mar 7, 2018 7:57 PM

Hi friends , as per my previous chart trends are now about to get bullish soon and we are close to buyzone with one more dip.

Pink Trend line which is also median trend line holds resistance level while red the original path for the BTC.

Comment

⋅ Mar 7, 2018 8:06 PM

Trying to keep it simple and easy, please like and follow if you agree.

Kind Regards

Comment

⋅ Mar 7, 2018 8:43 PM

Please comment if I am missing anything in the charts that would help me to improve.

Thanks

Trade active

⋅ Mar 8, 2018 2:38 PM

As per my view to get the momentum for 20K levels BTC should get into the 8K levels first or the run would not be for long.

Comments

sn0wcrash

⋅ Mar 7, 2018 9:27 PM

I do not see how the pink line is a trend line with any logical basis. Maybe I'm just not seeing it but it just looks arbitrarily drawn.

Gocard

⋅ Mar 7, 2018 9:42 PM

@sn0wcrash, Pink line I am using as median line to get the support in between original path of Bitcoin and current resistance level green line.

Thank you for the comment.

sn0wcrash

⋅ Mar 7, 2018 10:04 PM

@Gocard, Makes sense. Thanks for the explanation. I just wasn't seeing the logic but that makes sense. Cheers. :)

Gocard

⋅ Mar 7, 2018 10:20 PM

@sn0wcrash, Cheers mate ;)