BTC Key level
Updated
BTC key level idea ...
Strong support/resistance level here, will have to watch whether or not bitcoin can sustain this level.
If it does, the bull trend will continue until next resistance, if it doesn't, expect more downtrends.
text bubbles from left to right:
-
once broken, the price comes back up to
retest it. here, having failed the retest,
it crashes down to sub $11,000 levels to
find more support.
-
-
once again support found here but quickly broken and after
an unsuccessful retest price crashes to sub $12,000 levels
-
-
resistance broken, now coming back to retest these levels,
strong bounce would be super bullish, if these levels break
expect another retest and then either a drop to sub $13,000
levels or if the retest succeeds then a strong rise to next
$18,000 resistance.
Strong support/resistance level here, will have to watch whether or not bitcoin can sustain this level.
If it does, the bull trend will continue until next resistance, if it doesn't, expect more downtrends.
text bubbles from left to right:
-
once broken, the price comes back up to
retest it. here, having failed the retest,
it crashes down to sub $11,000 levels to
find more support.
-
-
once again support found here but quickly broken and after
an unsuccessful retest price crashes to sub $12,000 levels
-
-
resistance broken, now coming back to retest these levels,
strong bounce would be super bullish, if these levels break
expect another retest and then either a drop to sub $13,000
levels or if the retest succeeds then a strong rise to next
$18,000 resistance.
Note
price broke support, came back to retest like i said ;)failed the retest and dipped lower... idea is now the same for the next support.
Note
btc broke all major supports, cya at 8k
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