normstock

Next three days

normstock Updated   
BITFINEX:BTCUSD   Bitcoin
Tight analysis of the next 3 days, we have a long way ahead let's see how it develops.
 It is very important respect all the levels, especially the dotted red line and the critical area.

On the "looking for the bottom?" chart we can see a bigger picture, in the medium term my next observation point would be 8900. However, I have to go one step at a time and it seems to me that these one-hour / 3 days chart are a great exercise.
Comment:
This exercise proved to be quite useful, it showed me clearly that day 2 was not able to attack the resistance and as a consequence it lost its important support (red dotted line).
However he did not give up, the optimism was there and he decided a second attack, he looked strong and enthusiastic, the problem? the attack was made on the strongest part of the resistance (critical zone). The cluster was too much and Bitcoin lost the battle.

Now it takes refuge under its main local support (blue dotted line). Feeling sad, defeated, discouraged and resigned.
  He has no choice but to hope to regroup his divided troops and organize a new attack.

There's no more....
Trade closed manually
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