Post
Topic
Board Trading Discussion
Re: Bitcoin has 2 important support lines, possible break to 6k area ?
by
teosanru
on 07/10/2019, 18:59:59 UTC
Hi guys,

I'm looking at 2 major support lines which I think will be very important for the immediate future for Bitcoin.
As well looking at a short position when we break it.

Check the analysis at : https://youtu.be/k_vwzCvJcJc

In the video from 2 days ago, there is a swing trade with possibilities to increase your BTC holdings by 5-10X be sure to check it out!
Well the scenario is a bit changed now. I expected the pretty same but the weekly candle wasn't that bullish and couldn't even break the 7700 support this week. This has ignited some bullish momentum and the histogram has begun to tick on the positive side therefore MACD crossover is about to happen on daily chart which shows some more bullish movement. RSI is divergent after the low we hit yesterday. Also reaching into the sideways  zone we can see one leg upto 9000 for BTC also don't forget that still 7800 support is pretty important breaking it would mean straight to your analysis.