Bitcoin Breaks Down = Retrace (Support Where? $3740 - $3665 Firs
Updated
Bitcoin has finally started its retrace after much bullish action. The important part to look at right now is for support.
I've marked several support levels on the chart above with green dashed lines, and they go as follow:
BitFinex:
(1) $3949
(2) $3741
(3) $3593
Coinbase:
(1) $3865
(2) $3665
(3) $3523
These are the main support levels for Bitcoin (BTCUSD). If one level does not hold, we look for the next one.
We are aiming for at least our second support (2), knowing that BTCUSD will go as low as (3), most likely.
I will be keeping track of the charts.
Feel free to leave a comment if you have any questions.
Thanks a lot for reading.
Namaste.
I've marked several support levels on the chart above with green dashed lines, and they go as follow:
BitFinex:
(1) $3949
(2) $3741
(3) $3593
Coinbase:
(1) $3865
(2) $3665
(3) $3523
These are the main support levels for Bitcoin (BTCUSD). If one level does not hold, we look for the next one.
We are aiming for at least our second support (2), knowing that BTCUSD will go as low as (3), most likely.
I will be keeping track of the charts.
Feel free to leave a comment if you have any questions.
Thanks a lot for reading.
Namaste.
Comment
BitMEX (XBTUSD) Support level are equivalent to Coinbase, BitStamp, etc. Mainly BitFinex is different due to the USDT situation (they measure against USDT and not USD): Comment
Looking at the daily chart with support levels and potential bounce scenario:- Note: For these bounce scenarios to play out, certain criteria first needs to be met. But this is a general idea.
- The green zone is the demand zone and double bottom zone if BTCUSD decides to move all the way down.
- If the demand zone/low is broken, then we look for support at lower levels. A new analysis will be shared with those levels.
Comment
Bitcoin can go lower, wait for the right time to buy back in. We had a XBT LONG which we closed at $4,000 which generated over 100% profits. I will share a new one once the set up is fully complete with even higher profits potential:- Bear volume is higher than all previous bull volume. Bitcoin will go lower.
Here you can see our XBT LONG, I will post a similar one once the set up is complete and you can earn easily... Patience is key!
![[XBT][LONG][10X][104.9% ROE] @alanmasters](https://s3.tradingview.com/u/Uch5iczh_mid.png)
Comment
Bitcoin Cash SV (BCHSVBTC): 
openANX (OAXBTC) (Round 3):
![[Round 3] openANX Does It Again (Another Money Wave Is Coming)](https://s3.tradingview.com/s/SW0h9qa4_mid.png)
Comment
Latest update: 
🔝 The Greatest Cryptocurrency Analysis on Earth!
followalan.com
🔥 6-In-1 ULTIMATE Package Offer Now Live! (The Best In The Market)
lamatrades.com (Since 2017)
🚨 The Best Trade-Numbers In The Universe
alansantanatrades.com
followalan.com
🔥 6-In-1 ULTIMATE Package Offer Now Live! (The Best In The Market)
lamatrades.com (Since 2017)
🚨 The Best Trade-Numbers In The Universe
alansantanatrades.com
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.