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Support-line

(BTC) bitcoin "support & resistance"BTC chart view using RSI support & resistance combined indicator by DGT appears to show a new support price line very near where the price is now. Before this time and the last few days there was nothing but resistance lines for days, months even. The red line basically supplants the fact that there is a new established level to determine where the price may increase from. Typically there can be fears to seeing this line if the investment does not break from the pattern line and rise above. With BTC because the value is so large at over $1.4 trillion USD I'm not sure what to think other than that it's literally making a statement that says BTC is reaching a level of maximum sales and profit buying from investors where the counterbalance is beginning to favor on the side of selling.
BITSTAMP:BTCUSD
by CryptocurrencyBlot
Stll inside bearflag but dscndng trndline holding strong supprt Things are looking fairly bearish aside from the bear fakeout from the flag. The fakeout only brought us back inside the bearflag though making it still very much in play. Probability still favors a breakdown and it will likely take a rare inverted bart to nullify the bearish momentum and send us upward. One slightly bullish thing at the moment is the green dotted descending trendline which has been serving as a solid support line for quite some time now. We can see the latest bear plummet also found good bounce support at this trendline. This trendline is also a potential top trendline to a weekly descending triangle pattern on bitcoin which I will post a zoomed out snapshot of directly below this in the updates. I have a feeling we are nearing the end of the bears momentum and anticipate that we will stat above 5.5k. However I am also prepared for the exact opposite in case that expectation is broken. I am no financial advisor but I would suggest you be always be prepared for both your anticipated outcome and the exact opposite outcome. Thanks for reading. Good luck.
BITFINEX:BTCUSD
by DrDovetail