Welcome back for another update folks, looks like it was exactly I predicted, BTC would fall to support of 8500-8700 after testing resistance of 9400. Few more days to Consensus 2018 but FUD is being spread around to bring the prices down, probably for the whales to scoop up the low prices for the last time. Looks pretty oversold on the 4H Chart, in my opinion, it if it finds good support here, it will be headed up to beyond 9k. However, if the 4H candlestick closes below 8500, we can expect to see 8200 as first line of support followed by 7900. Let's hope for the better and of course lets look forward to Consensus 2018!
Meanwhile, may the market be with you.
Meanwhile, may the market be with you.
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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.