Nickonomics

Bitcoin (BTC): Buy Levels

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
In the previous idea we had cast a near-perfect 'Bear Play' with price dropping from 8290 to 7200:
I expect the bottom to form in the next couple of days. The current reversal zone is 6950-7100. Of course, we cannot rule out a price squeeze, so I will also place an alternative buy order at 6620.
Comment: Keeping an eye on EOS - one of the most promising alts to consider once BTC forms the bottom:
Comment: Intraday price levels:
Comment: We have entered the buy zone. However, the downward channel is not broken yet. Chart update is coming.
Bitcoin continues to slide down the midterm descending trend line, no signs of recovery obviously.
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We think we are likely to find support soon at 7000. Do you agree?
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BTC-USD-the-last-chance
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I agree with your analyse, have similar idea,
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Hi, "Intraday price levels" for short or long? What do you mean?
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Nick I agree with the bottom area, definitely watching 6950 for a trend line bounce
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Hi, Nick, is 7430 level is a SL for the intraday?
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What do you think about the RSI bull divergence taking form (4h) ?
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