Post
Topic
Board Trading Discussion
Re: Where next? Up or down!
by
Osarman
on 22/09/2018, 07:34:59 UTC
6500$ is the resistant point of Bitcoin. The chart shows us bitcoin is stable now. I think it's in the recovery progress.  Maybe it'll come back soon. We should wait for that.
Nothing is certain yet, we are still in a bearish wedge and the chances of seeing us break out from it is really not there unless we get to see the bulls make a strong attempt and break out from it.

For now, I really would not want to put so much of my attention on things that are not that relevant at the moment and better still, just find a way to watch the way the trends will be behaving in coming days. As long as we can see more possibilities of a quick dump than an up rise in the market, that is something one needs to be wary of.