BTC - Support line at 8500$ broken
Hello all,
Here is the chart of yesterday :
Here is the current chart :
So yesterday, we were sitting on the support line around 8500$ which could have been a pull back. However that support has been broekn and we are losing since that break almost 1000$. This is a nice correction. I see an intermediate support around 7200$. Let's see if we will have a reaction of the market around that level.
I wish you massive profits,
Cryptopassion.io
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I'm hawking the charts hoping for a nice long entry as low as possible.
7.2K and 6.8k seems good candidates to me.
I will however wait for a somewhat clear structure to emerge before taking a position, I'm not gona catch knives on this one as it could drop up to 40% if you look at what happened the last time we were at the beginning of the bullrun (500$ -> 300$ correction among others).
I think it can go down to $6200 at least this time. You can make a screen)
Let's see first what will be the reaction on the 7200$ levels
baja a 6800 y se va a la luna
Theoreticly it could go down much lower, based on the beginning of the previous bull market which saw 25-40% retraces.
We'll see how it turns out though, I'm happy for any discount at this point.