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RE: As goes BTC, so goes the market.

in #bitcoin6 years ago

Which means, if BTC is pulling everyone up and down, then we need to primarily watch BTC ;-) So, how far down it will go? Personally I don't have a clue, we have few support zones:

  • May low around 7000 (also round number)
  • April low around 6500
  • previous low around 6000.

But I do like lack of volume last three days. Now I'm going to watch for some higher volume (wash out) on a shorter time frame for a possible entry. Especially if it happens at previously mentioned resistance levels and with combination of some kind or reversal candlesticks combo. But I have a feeling, it may not be that easy - as usually ;-)

0040_btc_usd.png

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You're very correct in saying that it may not be that easy, as usual.