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DCFreak
Apr 27, 2018 2:33 AM

Bitcoin - Resistance/Support/Target areas Long

Bitcoin / DollarBitfinex

Description

Hello,

So just a quick recap; BTC broke out of the log downtrend line, so I'm expecting a rise to sub 10-11k$ as indicated in the chart.
There is a strong support at around 8.4k$.
Finally, there is some resistance at 9.7k. Thats where we saw BTC drop. The drop was totally normal to reset some of the indicators such as RSI/MACD etc... also the candle was at the top of the bollinger band.
So I'm certain that we are still bullish and the drop is nothing but a healthy test for support.

~DCFreak
Comments
sonofjack
Hey DC, You think BTC has bottomed, and we are moving to test ATH ?
Ronnie_Dong
I like your chart,I couldn't agree with you more.
Follow me.
We can do more discussion,
and you can refer to my publish.
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