arsen-t29

Quick Update on Bitcoin

arsen-t29 Updated   
BITSTAMP:BTCUSD   Bitcoin
Okay guys here is what I see..

The downtrend is confirmed and I believe that we will see higher lows and lower lows b/w 9200 and 9450. This gives us a short opportunity on higher lows for a short term trader. The support is @ 9200. We will see how buyers will react on this level.
Comment:
9500 level now becomes a strong resistance. We can test it but I do not think that we will see the price above for a while.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.