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cryptoierco
Mar 7, 2018 1:03 PM

BTC next week prediction: testing 11,7-12k again? Long

Bitcoin / TetherUSBinance

Description

Big ascending triangle might be forming, closing in on resistance as well as trendline around 10,3k. Needs to crack trendline down from 20k in the bounce from support. Let's see. Note: i'm still mastering my TA and far from a skilled trader.
Comments
cryptoierco
Obviously the loads of FUD today created a much bigger sell-of than in normal conditions, this is crypto. A minor support level at 9400 was where this sell-off found it's bottom for now instead of the 10300 area. Trendline broke which might also have triggered this bigger sell-off. Charts now hinting towards some recovery for the next hours, but nothing is certain in crypto trading. Price is at the bottom of the ichimoku cloud on the 4h where it found some stable waters. Bottom might provide some support, 10300 might have turned in a resistance.
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