4xForecaster
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Update: Support Held; Bears Persist; Added Target $BTC #bitcoin

BITSTAMP:BTCUSD   Bitcoin / Dollar
1891 5 6
Friends,

A (really) quick update:

1 - 530.00 support held - No surprise here if you are a structural trader.
2 - Price continued to fall
3 - price remains under bearish pressure
4 - Soft (pink) and hard (black) overhead resistance levels defined
5 - New BEARISH target (colored in red, so less probable, as opposed to green = high probable and yellow = probable)

OVERALL:
No change from original predictive analysis defined on February 10th, except for an added low-probability bearish target.

Cheers,

David Alcindor
TradingView Moderator as "4xForecaster"


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Hi David

Many thanks for this - nice to have things re-confirmed and extra detail most useful. Best wishes, Nick
Reply
4xForecaster PRO nick.stoneman.5
You are welcome @nick.stoneman.5 - Nice to have an appreciative audience. Thank you. David.
Reply
Hi David. I am very appreciative of your cool-headed analysis - it's very helpful. Just one thing - is it possible to use a larger font for any in-chart annotations? e.g. the resistance level of 664.99 is quite difficult to read and the + button doesn't enlarge annotations. Just saves me looking out my really strong reading glasses!! Getting older I suppose... Many thanks and best wishes, Nick
Reply
4xForecaster PRO nick.stoneman.5
No problem. Will try to remember this next time @nick.stoneman.5 - David
Reply
We are now 100 below the strong 530 support, scary
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