BITCOIN - BEARS VS THE BULLS!
These graphs show the key resistance and support lines that Bitcoin -7.98% has formed over the past few days, you should use these in order to leverage your trades. You can expect that we will take a short-term dip to the support line, where we may consolidate and make another move upwards which will break through the horizontal resistance. This would be a confirmation to go to our second price. However, if we break below the support you could expect to see another decrease incoming.Β
Link to analysis- MACD - Looks more on the bullish side, we have a created a support level on the MACD , this is a good sign and we have not seen this in BTC -7.98% for a while.Β
- RSI - Is consolidating or fluctuating between the blue rectangular box, this shows that trading is very tight and there is a period of steady buying and selling. Usually an indication of an upcoming breakout or breakdown.
- Orange - Resistance.Β
- Pink - Support.Β
@thomasfarley
Thanks for sharing!
No problem bro!! Anytime.
Interesting Friend. We shall see. I'm thinking we see 10500 or so again. Not that it's what I want, but after 1400, we'll see. https://steemit.com/bitcoin/@jacobts/bitcoin-10400-good-buddy-truckin-south
we could reach that price!! Thanks for the comment, upvoted your post!
Thanks for sharing
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No problem man, follow if you are not already !
sure :)
:)