PolarHusk

BTC/USD (Rejected 200MA? > Retest 10k strong support?)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
💎Technical Analysis Summary💎


BITSTAMP: BTCUSD

-Bitcoin rejected at 200M dynamic resistance
-Plus the old support turned new resistance today
-If we can see follow-through by the Bears
-BTC is likely to retest previous support at 10.1k range
-Currently on the short term, Bears have access in the market
-Let's wait and see how BTC will react at low 10k strong support





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Comment: Trade idea is invalidated - BTC broke above 200MA on 4H chart
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Comments

Hello,
I Could see daily bearish engulfing rejecting 10855.43 which was 28th September closed, 29th & 30th Sep. High
Reply
For the potential short-term drop, I think the main support is at 10-10.3k. Short-term resistance at 11.3k and then 11.9k to finish wave B.
Do you agree with our idea? Any thoughts and comments are welcomed.
Reply
PolarHusk Phi-Deltalytics
@Phi-Deltalytics, thanks for sharing your idea too :)
Reply
Is this still acceptable?
Reply
@keci, btc broke above 200MA, this idea is now invalid
Reply
same as always !
nice work mate.
Reply
PolarHusk Helical_Trades
@Helical_Trades, thanks for the support :)
Reply
@PolarHusk, my pleasure man ;)
Reply
PolarHusk Helical_Trades
Reply
Very good tank you
Reply
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