Bitcoin testing key support level
Bitcoin is currently moving within a key support/resistance level.
It's very likely that 7800 $ is going to fail as a support, forcing Bitcoin towards the next key zone, which would be around 7150$-6900$ (0.786 Retracement + Trendline from March 2k17).
Stoch RSI indicates further downwards momentum.
If the afore mentioned support fails yet again, it's likely that Bitcoin is going to test 5.800$.
It's very likely that 7800 $ is going to fail as a support, forcing Bitcoin towards the next key zone, which would be around 7150$-6900$ (0.786 Retracement + Trendline from March 2k17).
Stoch RSI indicates further downwards momentum.
If the afore mentioned support fails yet again, it's likely that Bitcoin is going to test 5.800$.
Note
Bitcoin falling towards 7k$ for sure now.Note
We're touching the trendline. A daily close below this one would be a huge shorting signalNote
Check my new idea:
Note
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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.