BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hello fellow traders!

The red lines signify support levels that are likely to become resistance levels in the days and weeks ahead as the price trends upwards.

Resistance levels to look out for

$424 Tested as support

$467 very well tested as both support and resistance - price may bounce around a bit between 467 and 424

$544 tested as support and resistance

$558 tested as support and resistance

$621 well tested support and resistance

These levels are very similar to those on Bitfinex

I am very new to technical analysis so I welcome your constructive feedback :-)
i do think we could potentialy go down for a last leg to 250usd after hitting 525-ish
+1 Reply
Very helpful, thank you
+1 Reply
Nice work. I think we might pass the bottom en route to these levels though.
+1 Reply
pumapunko K155MY4R53
Thank you :-) I agree. Perhaps we will test 300 again before reaching those levels? as there isnt a great deal of tested support below this pricepoint. for the past 3 days we havent closed above 365. I think we may see a big candle move either way in the next few days
+1 Reply
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