BTCUSD Technical Analysis UPDATE @ $7995 - Feb 4th 2018

in #bitcoin7 years ago

Update to previous post:

https://steemit.com/bitcoin/@jagr/technical-analysis-update-btcusd-usd9100-feb-3rd-2018

The Kijun line crossover has indeed continued the downwards trend as mentioned previously. Our 61.8% retracement along with the doji candle stick was indeed the reversal point for the miner bullish bounce.

We are now sub $8000 and should be watching closely for the fib support line at $6500. I will be definitely watching for this entry point into some BTC.

BTCUSDFeb42018-1.JPGI'm not saying that it will bounce up huge from this line (see previous posts), price action may meander around there for a little bit, maybe even go lower. But it is definitely worth entering in with a portion of my fiat.