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davelunlun
Mar 21, 2018 7:02 PM

Critical Week for BTC/USD. 

Bitcoin / DollarBitfinex

Description

1st Resistance Level (~ $9,050): EMA 200.

2nd Resistance Level (~ $9,900): EMA 55 + Major Down Trend Line (white line).

CROSS our FINGERS.

Comment

1st Support at 0.5 Fibonacci Level (~ $8,200).

2nd Support at 0.618 Fibonacci Level (~ $7,980) + Major Up Trend Line (yellow line).

CROSS our FINGERS.

Comment

Update on 24/03/2018

1st Resistance: EMA 200 (~ $9,050).
2nd Resistance: EMA 50 (~ $9,700) + Major Down Trend Line (white line).

1st Support: 0.5 Fibonacci (~ $8,200).
2nd Support: 0.618 Fibonacci (~ $7,980) + Major Up Trend Line (yellow line).

This week absolutely a Critical Week for BTC/USD, whether
a) there could be a Death Cross happen in between MA 50 & MA 200 or not.
b) break the Resistances to begin a other Bull Run or break the Supports to extend Bearish Market.
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