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

in #bitcoin7 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.

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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.

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