You are viewing a single comment's thread from:

RE: Bitcoin Trend / 09 - 02 - 2018 / BTC Move in Tandem With Stocks & Commodities

in #bitcoin • 7 years ago (edited)

Great analysis. I was waiting to hear your perspective on the recent bearish move. I was also thinking that the jump from 6k to 8.6k was just too fast for a solid and sustainable BTC recovery. If ever the 8.6k resistance is breached, what will be the next resistance level that BTC will need to overcome?

7 years ago in #bitcoin by
$0.00
    Reply 4
    Sort:  
  • Trending
    • [-]
     7 years ago (edited) 

    9400$. It's not hard to find support and resistance levels , if you want to trade look it up don't rely on someone online.

    $0.00
      Reply
      [-]
       7 years ago (edited) 

      Thanks for your response. Is it not possible for new resistance levels to form in between 8.6k and 9.4k? Are they permanent? Sorry, I'm pretty new to this so I want to compare TAs and speculations from other people. I am not a trader. Even if I'll trade, I know I shouldn't be relying on a single person nor my own analysis. Thanks for the heads up.

      $0.17
      • Past Payouts $0.17
      • - Author $0.13
      • - Curators $0.04
      1 vote
      Reply
      [-]
       7 years ago  

      We have to watch the level 8.6 K carefully

      • Keepsing stability below 8600.00 resistance will move the price down to 6.8K
      • Breaching 8600.00 level and hold above it, will confirm again the bull run towards 9300.00 level.
      [-]
       7 years ago  

      Thank you for the insights @lordoftruth! Hopefully I get as good as you in studying the trends of the market. :)

      $0.17
      • Past Payouts $0.17
      • - Author $0.16
      • - Curators $0.01
      1 vote
      Reply