#Bitcoin continues to dip. It broke our next level horizontal #support at approx. $7,500. I now changed this line from blue to red as it now serves as a #resistance. I also added our next level support trend line from a previous #bullish trend starting Sept. 2017. I can very much see #BTC dipping into the $6,000’s to this support. Here is the cycle folks. Once Bitcoin touches that support, it will probably bounce. If we do not break out of the #bearish trading range (green), we will continue to dip even further. This is how markets work. It’s not for everyone. So moving forward, we will see a further dip, but we have to watch how BTC acts after the next bounce off support. Be strong. Be objective. Be ready!
Love your insight and screenings. Keep it coming!
Lines don't lie! Right off that support!