SkylerKing

SkylerKing Updated 

This is a follow up to a previous post. As you can see, the resistance coincides with the bottom of the healthy growth channel shown in green. BTC will now seek support at the ~$8,700 level, and this action will help determine the course of the price. On top of the support line at $8,250 I have added another support line at ~$7,400 which confirms the prior...

SkylerKing

Right now, BTC 7.97% is looking for support at the ~$8,400 level. RSI is healthy for 1, 2 and 4 hour charts MACD trending negative for 1 and 4 hour charts. This may suggest that we will not find long term support at the $8,250 - $8,400 level. This could easily change, though, as the bears and bulls battle it out. If we have and hold support, I believe we...

SkylerKing

Right now, BTC is looking for support at the ~$8,400 level. RSI is healthy for 1, 2 and 4 hour charts MACD trending positive for 2 and 4 hour charts, but seems to be crossing in a negative direction currently for the 1 hour. This may suggest that we will not find long term support at the $8,400 level. This could easily change, though, as the bears and bulls...