The bitcoin are consolidated. In some time is cosolidation will end, and the price will rally to up or fall. I have marked the relevants zones for medium and long term in this chart. Be ready and good luck!
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Importante uptrend line at 4H timeframe, 5 touches. Use it at your favour.
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Bitcoin is currently breaking the cosolidation that lasted 1 month. Everything indicates that we are going to have the next days of fall, but it is difficult to know how far this fall will come, as the main support in the 5800 can hold.
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In last hour a FUD has sucessfully platend, because exchanger KuCoin suspended USDT for some hours (at this moment, it back work), the USDT has fall. That is the cause of difference more of 400 dollars between exchangers with USDT and exchangers WITHOUT USDT, example: Bitfinex and GDAX (Coinbase). At the moment no graphical analysis is safe, better wait for the market to stabilize.
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Next important dates for bitcoin, important crossing lines.
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Bitcoin in similar movement:
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Welcome back. Follow the plan, if you trust in bitcoin fundamentalist, just buy and hold!
Hi Clock, personally I want to see this drop or capitulate similar to Eth and xrp did.
It seems it's a 50/50 of either way at this point. Which way do feel this will go?
MrClock
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@ArjieB, It is a good question. It is very difficult to know which side to break, probably the altcoins will follow along, as is usual.
It seems it's a 50/50 of either way at this point. Which way do feel this will go?