Post
Topic
Board Trading Discussion
Re: Traders For People
by
CryptoSpaceGroup
on 14/05/2018, 13:49:45 UTC
BTC review for now briefly

As always, we have two ways of future prices moves

Chart:
http://innovation-device.com/BTC%20May%2014.PNG

Actually, that's our two ways:

Pretty negative signal that Bitcoin could not keep above its month, quarter and half a year average prices, starting new wave of decline exactly from 10k level. 
Ahead of another one test of strong support zone in a range 7 000-8 000, which previously held uptrend from July 2017, where can be a huge buyers or a huge sellers which could change technical price view.
In case, if price will hold below this zone, probably we can see an impulse move to 4 500 - 6 000 range. And if price will hold this zone (7 000 - 8 000) above, we can see new buyers w/ 10 000 - 11 500 targets.