BTC

2 באוק׳ 2018

The way I see BTC is it can go up and down the smaller channel but since it's upward channel there is a possibility that it might break down from it and if it does, computation of minimum fall is minus 969 from the price where it breaks out the lower line of the small channel. 6,112.5, 5865.5 and 5761 will still act as support though. Before we can say BTC will really fall have to watch to break all those supports, If it respected support lines, expect a bounce and buy from there. Sorry for a very messy chart. I don't like erasing my lines as I have noticed that even those lines from the past are acting as support and resistance. My previous post of BTc is about Gann line which acted as a very strong support for BTC. I made 2 Gann lines. One from 5700 and one from 200. the last line of the past is the continuation of the 5700 so I still believe that even with the computation of minimum fall, those gann lines will still act as support for BTC to not fall bad as what the bears are expecting.