BTCUSD Next resistance around 8500 & 8000

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
86 0
We broke into and below both downward channels and fell through a key resistance level . If we don't see some green 4h candles next, the way down to 8500 and even further below to 8000 seems wide open.
Comment: The last time we had the 50 day break below the 200 day we had 30 days downwards (purple channel) before a reversal.
Comment: If you go long on BTC you are in some pretty good discount territory now. Just don't blow it all at once.
Comment: BTCUSD got rejected attempting to enter the downward channel line for the medium to short term down trend. Still #bearish!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out