Post
Topic
Board Speculation
Merits 1 from 1 user
Re: $5,000 is the number - so get used to it.
by
exstasie
on 29/09/2019, 19:58:42 UTC
⭐ Merited by dragonvslinux (1)
The bears need to get through some major levels first.

There is a monthly support from June which hasn't been tested yet. On Coinbase, the level is $7,427. There is also the 61.8% retracement of the uptrend in the $7,200s. That's the first area to watch.

After that, we have the apex of last year's triangle around $6,500 and the 70.5% retracement level at $6,300. Then in the $5,400s we have weekly pivots from April and the 78.6% retracement level.

If the market busts through all these (and that's a big "if") then you'll get your $5K.