Hello to all watching my charts. No after the big fall yesterday i think we should have a closer look to the big picture, cause in shorttime its all Short , all of my channels show me "short" of cours.
So have a look at the picture.
Where are we now ?
We had a break of the long lasting LONG trendline 4 weeks ago in September.
That has ocurred the first big move down to 8800 and now the next step down to 7500.
Here in these aerea we do have 3 major supports coming in from May and June 2019.
Now we are sitting in the aerea of the first support at 7500 (folling down a little bit)
Below that Bitcoin can get support at 7200 and around 6900.
If both Levels dont hold i am afraid we will see much much lower prices.
Thats to watch
Good trades
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@ssari,
IN the aerea 6800 you also see a move up coming ?
correct ?
ssari
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@Renkotrade, yes. definitely. However we cannot be sure if its the new bottom. 5K can also be possible but I find it unlikely because the 6.8k has so much confluence with support, resistance, fib. levels, volume and pattern.
ssari
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@ssari, We will need to see what the other momentum indicators say at the time. I have reserved 75% of my buy in at 6.8K and if it over performs, I'll sink the rest there...maybe 6.4k