Bitcoin (BTCUSD) Buy Zone (Support Levels On The Weekly)

Bitcoin / DollarBitfinex

Description

⋅ Jun 4, 2019 5:55 PM

We looked at Bitcoin and its next potential moves. We looked at the bullish and bearish views... Now, let's take a look at the different support levels on the weekly time frame... Keeping it plane and simple...

Now, let's get started... Feel free to hit like to show your support.

(BTCUSD) Bitcoin Weekly Support Levels

Support marked by Fib. retracement levels:

(1) $6874
(2) $6179
(3) $5484
(4) $4494 (0.786 Fib. retracement level)

Support levels marked by Exponential Moving Averages:

(1) $6966 (EMA10)
(2) $5844 (EMA50)
(3) $5571 (EMA100)
(4) $4494 (EMA200)

Main support range for an expected bounce if bullish action is to continue right away, anything lower and the bear action can extend: $6000 - $7100.

These are some of the main levels where Bitcoin (BTCUSD) can find support.

There are many different ways to find support levels, here we are sharing just a few... Resistance levels are also marked on the chart based on Fib. numbers from the last bullish wave.

We hope you find this information useful and if you have any questions feel free to ask... It is my pleasure to reply.

Namaste.

Comment

⋅ Jun 5, 2019 5:22 PM

+40% Profits for GXChain (GXSBTC) in less than 24 hours

Comments

buhihacks

⋅ Jun 4, 2019 6:05 PM

Doesnt matter which ways these calls go because the result still shows behavior and its not financial advice =)

Namaste

AlanSantana

⋅ Jun 4, 2019 6:22 PM

@misterjimster, You got it right... Thanks a lot for sharing.

croset

⋅ Jun 5, 2019 3:37 PM

Thank you for sharing. I'd love to see a chart where the support levels are based on people's emotions.

AlanSantana

⋅ Jun 5, 2019 5:41 PM

@croset, That would be a nice one.

PoupeBitcoin

⋅ Jun 5, 2019 8:04 AM

AlanSantana

⋅ Jun 5, 2019 5:41 PM

@PoupeBitcoin, Thanks, beautiful charts.

TradeIndicators

⋅ Jun 5, 2019 4:48 PM

So we could be seeing another 10% drop possibly. Very interesting. Your support is right on man.
We're up 5.09% and scaling out just to make sure we're able to take profits home but would love to see that 10% drop :)

AlanSantana

⋅ Jun 5, 2019 5:42 PM

@TradeIndicators, Thanks a lot for the video, appreciated.

Great job on those indicators.

Namaste.

TradeIndicators

⋅ Jun 5, 2019 5:49 PM

@alanmasters, Thanks man :) Always love your TV and am sending people your way. Appreciate all the hard work you put into your analysis :)

Mikki0416

⋅ Jun 5, 2019 11:26 AM

Agree! same opinion. Around 5800-6100