xkavalis

BTC/USD 3/19 EOD Update

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Here is my BTC update. I'll work on making these more concise and also follow a standard process. I do these quick when not recording a video but when I record a video I like to explain a few things or what I'm looking at.

Bottom line. I expect a retracement on bTC maybe: 4-10%.

We look to layer in buys 8000-8100 and below 8 if it does test that level.

I'd say probability of this retracement this low is below 50% given how support has kicked in recently but that's our targets.

I do expect support to kick in and then to continue on an upward movement. After this retracement I'd expect to see large capital support, something I haven't seen when closely watching price action the last day or so.

For more information my methods check out my signature. Hope adding that doesn't get a warning from the moderator if it does then I'll just start doing these to a more friendly platform.
Check out my google doc: The Ultimate Primer on trading BTC, ETH, and crypto ALT coins you can find: https://goo.gl/mS2cj8
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