As we see Bitcoin followed our Bullowski Roof to the top again. Let's see what happens to our alts!
Trade active
Note
Received huge amount of messages concerning the current market stage and most of you guys a really panicking... Not sure why there's panic since we went through this multiple times in prior few month! It is a simple market correction, mostly due to major manipulation in the news agencies and even a government. What is currently happening is that they are trying to break price and bring it downward apart from Bitcoin's natural movement course. Only the weeks will remain standing after this is done and it seems like it should be slowly ending within few days. We still haven't fallen below our support and we see Bitcoin at 18,000 in no time and then at around 29,000 right after that. It does not signal stability but in terms of price, we definitely expect it to rise up.Note
Lets see if our support holdsNote
Recovery is a slow process. Patience is key at this point!Note
Will we go up now?Note
Previous support broken again - great signTarget to confirm upward trend
14,200
Note
Short Term support is currently at $10,090Long Term support is currently at $9,470
Note
If we break short term support we may possibly re test low $8,000 or even lowerTrade active
We will make this trade active for long term investors and in addition to short term investors who have knowledge of working on purchasing it on dips, sell on highs and repeat same technique multiple times within a dayNote
Should we assume double bottom at $10,000? Comment below your thoughts
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.