Quote from: milewilda on October 23, 2019, 01:49:49 PM

Yeah it did fail and the price dips down to 7400+ but it isnt that far yet into that support though and it might hold up or just tank into these levels.
Bitcoin proves out ones again that there are no technicals can precisely predict on where it do moves.Reversal time? We might see those events when
bitcoin halving is coming to near.

Quote from: pawanjain on October 23, 2019, 02:14:29 PM

Currently the price is down from $8200 to $7500 making a downward movement in the chart.
Though the price has gone down, it was quite expected as the price was not moving from weeks.
I guess, if the price falls beyond this level then it will probably go down to $6500 but if it crosses $8000 then it will probably stop at $9000 in the current trend.
Just a speculation, lets see what happens.

Quote from: ajeef on October 23, 2019, 02:19:11 PM

Quite good price analysis from a newbie rank member (i guess you're a experienced trader)
Maybe you need to comeback right now and make a new analysis about the current btc market condition because it's experienced a big drop today

all i see now that it's targeting 7190 maybe even more ( but actually the main target for this movement should be 4050) only 1 monthly candle close above 7620 could safe btc from that horrible fate

i don't see any reversal time soon, but i'm sure there will be soon from smaller time frames.
i'll keep updates if anything new come up