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mycotoxin
Sep 14, 2018 9:45 PM

if BTC is moving up - it has to prove it by moving past 6590 

Bitcoin / DollarBitfinex

Description

As there is a head and shoulders down to 49xx in this area and also a 9 on the 23 hour candle.
The 9 on the 23 could indicate a 1 to 4 candle pullback - as these are 23 hour candles that's up to 4 days of downwards action !

If BTC is moving much lower it will first have to move lower than the support at the 6400 area .

But

BTC can also move up to the 69xx area - And if BTC is indeed moving higher it should first move past the resistance at 6590

Comment

Also ,,,

IF BTC moves past 6640 then will move to 6965

Comment

BTC - Stop loss BTC at 6290 - BTC has no business below 6300 today

Comment

Exit if moves lower than 6300 as its a long fall

Comments
skylord66
6700 maybe?
mycotoxin
@skylord66, even better
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