The 4 trend lines of bitcoin
Updated
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Major support Levels: 10K, 6K, 2.5K
Let’s hope one of the top 3 trend lines hold, Look for the Pennant to break at least by January 8th as it will test the first trendline at 13.5K. Buy Long in at 12k, 10.5k, or 8.6k.
Major support Levels: 10K, 6K, 2.5K
Let’s hope one of the top 3 trend lines hold, Look for the Pennant to break at least by January 8th as it will test the first trendline at 13.5K. Buy Long in at 12k, 10.5k, or 8.6k.
Comment
It looks like Support Level 2 is created a bottom. There is a H&S forming and as of 08/24 it is hard to tell if the formation will be strong enough to push the price below the bottom of my support channel. It does look like it would be hard for the bears to get the price lower than 5k, there is really strong support there.Comment
Riding the top of sport level 3 stone the last breakdown. Would like to see clear rejection soon or the first part of 2019 may very well test some of the prices in the last support before 1200 - 600 support level 4. February is now the scheduled release of baakd and Nasdaq has some things happening early next year. It may be safe to start opening a few long positions as the price is in this last support made in the 2016/2017 bull run.Comment
Top of level 2 was breached and it's been testing the bottom of the first support level. The price appears to have penetrated into support level 1 and would be a great sign to test the top of the level.Comment
Passed right through level 1 support and just bounced off of 11.800 on the short sell off. We are above the first support level where the fair market price for bitcoin is right now with the supply.Comment
Re-Entering Support Zone 1 after bouncing off the top of Zone 2Disclaimer
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