Bitcoin | Support Levels + Altcoins
Updated
Rejection took place right at MA200, very bad signal.
Today EMA50 is being lost as support.
Bitcoin is aiming lower...
Here are the more important support levels to look for on this drop:
$40,590 (Not likely to hold).
$38,788 (Strong support).
$36,220 (Likely to be tested on a wick).
This is short-term...
Altcoins
All is good with the Altcoins vs Bitcoin pairs (minus top ones which follow Bitcoin).
They can correct for weeks and then resume growing.
Check my previous articles for more information on how things will go:
Bitcoin Daily FULL Analysis | Back To Basics (+Altcoins)
(Relevant now... read "My view" part.)
-----
Bitcoin Monthly | RSI and MACD (Enjoy The Altcoins While We Can)
Enjoy your weekend.
Namaste.
Today EMA50 is being lost as support.
Bitcoin is aiming lower...
Here are the more important support levels to look for on this drop:
$40,590 (Not likely to hold).
$38,788 (Strong support).
$36,220 (Likely to be tested on a wick).
This is short-term...
Altcoins
All is good with the Altcoins vs Bitcoin pairs (minus top ones which follow Bitcoin).
They can correct for weeks and then resume growing.
Check my previous articles for more information on how things will go:
Bitcoin Daily FULL Analysis | Back To Basics (+Altcoins)
(Relevant now... read "My view" part.)
-----
Bitcoin Monthly | RSI and MACD (Enjoy The Altcoins While We Can)
Enjoy your weekend.
Namaste.
Note
First level hit...$40,590 (Not likely to hold). | HIT
$38,788 (Strong support). | Coming next...
$36,220 (Likely to be tested on a wick).
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