BTC Supports and Resistances

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTC has been hit hard recently with the sell off from china news. If we hold above 4,000 I expect it to consolidate in the area before deciding on its next move. If we break below I look at possible 3,600 bounce or 3,000 as major supports.
Comment: Broke R1 and now using it as support
Comment: Huge panic dump from china news. If R1 which is now support holds, expect a bounce if not expect a touch to 4,000 again.


I'm getting really sick of China. Donald Trump needs to go over there and take care of things. They are massive currency manipulators.
+1 Reply
martykay mightytrader
@mightytrader, "donald trump needs to go over there and take care of things"

jesus christ
+1 Reply
@martykay, is my Savior! =D
More China news?
ArtsTrading mightytrader
@mightytrader, Something to do with china banning bitcoin trading. Lot of different views on this on twitter.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out