Has the BTC bottomed out yet?
Updated
Bitcoin downtrend since January 2018 has been showing the features similar to 2014 bear market.
A resistance at $4300-$4500 and support at $3450-$3500 are very critical. Breaking the support at $3500 will trigger the sell order and we may see the price at the next level of support @ $3150. Keep the eyes peeled and look for the following before investing in BITCOIN.
1: A formation of cup with a handle pattern at the price around $5000
2: 7 continuous green daily candles with volume between 4th and 7th day atleast 50% up
3:Heavy volume without price further falling lower than $3500 ( accumulation by whales signal)
A resistance at $4300-$4500 and support at $3450-$3500 are very critical. Breaking the support at $3500 will trigger the sell order and we may see the price at the next level of support @ $3150. Keep the eyes peeled and look for the following before investing in BITCOIN.
1: A formation of cup with a handle pattern at the price around $5000
2: 7 continuous green daily candles with volume between 4th and 7th day atleast 50% up
3:Heavy volume without price further falling lower than $3500 ( accumulation by whales signal)
Note
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