BitcoinUpdated BTC: UP or DOWN?
1) We have strong support at 3200-3600 level.
2) Strong resistance at 3900-4600 level.
3) May forming an up-triangle with a price target at 5200-5400.
4) If broke 1400 daily MA (analog of 200 weekly MA) then expect support on 2967/2817/2430/1546/1270-1320. Do not expect us to go lower even in very bad conditions.
5) For now: we can rebound from 3500-3700 in the next 13 hours.
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see you
2) Strong resistance at 3900-4600 level.
3) May forming an up-triangle with a price target at 5200-5400.
4) If broke 1400 daily MA (analog of 200 weekly MA) then expect support on 2967/2817/2430/1546/1270-1320. Do not expect us to go lower even in very bad conditions.
5) For now: we can rebound from 3500-3700 in the next 13 hours.
---
see you
Note
Rebound is happening right now, but very weak ... not enough.Note
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