Post
Topic
Board Speculation
Re: Downtrend still going... we need to see 9k to break it (at least temporarily)
by
Bossian
on 09/01/2020, 10:21:24 UTC


It is a very basic chart, but that chart that I posted from my Bitstamp account could be accurate for the short term, means this rally to 8.4k was a failed rally.

Also means it is likely we will see 6.5k soonish.

Important price to break: 9k, but also 10.5k which has been a major resistance.

I will personally take my profit around 9k, as there is no reason (yet) to be bullish, no visible fact to believe 10.5k is achievable this year.