TradingView
ArtsTrading
Sep 4, 2017 11:42 PM

BTC Supports and Resistances 

Bitcoin / DollarBitfinex

Description

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

jesus christ
mightytrader
@martykay, is my Savior! =D
mightytrader
More China news?
ArtsTrading
@mightytrader, Something to do with china banning bitcoin trading. Lot of different views on this on twitter.
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