What now Mr. Bitcoin?
Updated
After every solid dip in present history of bitcoin there was realy strong bounce. We already made a jump from 4900 to 3300 levels. Didn't get BUY singal yet, but downfall can not stand forever.
I'm cust curious what will be our major support level in this case. Not that long ago we have reached 1800$ (It was doomsday, isn't?), then few weeks later we were on the road to 5.500$
If we fall down to 3200, it will be excellent BUY signal, but I'm not sure if it would stay longterm. Bitcoin gets bashed by not nice news and rumours.
Watchout for Bull Traps, and always use stop losses
I'm cust curious what will be our major support level in this case. Not that long ago we have reached 1800$ (It was doomsday, isn't?), then few weeks later we were on the road to 5.500$
If we fall down to 3200, it will be excellent BUY signal, but I'm not sure if it would stay longterm. Bitcoin gets bashed by not nice news and rumours.
Watchout for Bull Traps, and always use stop losses
Note
If 3200 will be taken down, last hope for this move is 3050Note
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.