Market Update: BITCOIN (BTC/USD) - You were warned

in #bitcoin • 7 years ago

Bitcoin (BTC/USD)

  • Broken below uptrend line
  • Currently at a support level - $3,937 (will most likely break lower)
  • RSI downtrending
  • Weak hands will be shaken out over the next few weeks
  • China crypto-ban rumours
  • Overall: [BEARISH]

When To Buy Bitcoin?

  1. 38.2% fibs: $3,750
  2. 50% fibs: $3,400
  3. 61.8% fibs: $3,040
  4. Major Support Zone: $2,650 - $2,950
    This is not the end for Bitcoin, take advantage of the dips!!

But Bitcoin Can Only Go Up?!?

You were warned
You were warned again
Don't believe the hype without the analysis. Follow @nakedtrader today



Happy Trading! @NakedTrader

#cryptocurrency #steemit #life #money
7 years ago in #bitcoin by
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     7 years ago 

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     7 years ago 

    This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond

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