MarxBabu
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BITCOIN Levels of Downside LBLS Analysis and Support Levels Mark

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Here once again presenting very simple analysis with the help LongBuyLongSellAlert Indicator.

Look at the price movement in 1hour chart ,it shows the price and volume could not gain strength hence slowly it is falling down.

Now we need to wait the price to just break the curve shown in the chart ,Once it breaks this level ,step by step downside in the BITCOIN price is likely.

what are the each price level it will touch refer to the price label and the rectangle shown in the chart.

As the volume also helping i am confident that no pump possible only a dump will occur.





I have given the script(LongBuyLongSellIndicator) in the below link ,you can study more how this works and how it auto plots sell and buy using three powerful Technics.

Comment: wow well doing
Comment:
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It is cool that you share your ideas with us!
+1 Reply
@kira322, Thank you
Reply
Thank you very much for sharing your views with and scenarios. Very good and concise view and presentation on things and where we stand.
Reply
MarxBabu RaniNair
@RaniNair, thank you
+1 Reply
MarxBabu RaniNair
@RaniNair, within 10minute it touched the target
+1 Reply
RaniNair MarxBabu
@MarxBabu, Watching the support with you to see if we can stay above the next support or break below.
Reply
This will surely do well as the price is falling very much
+2 Reply
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