ArtsTrading

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.

Comments

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
Reply
More China news?
Reply
ArtsTrading mightytrader
@mightytrader, Something to do with china banning bitcoin trading. Lot of different views on this on twitter.
Reply
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